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- Question 1 of 5
1. Question
1 pointsConsider the following statements with respect to ‘National Financial Reporting
Authority (NFRA)’
1. It will review the quality of corporate financial reporting in certain classes and
subclasses of companies and take disciplinary action against auditors/audit firms for
not discharging their statutory duties with due diligence
2. It constituted under the provisions of the Companies Act, 2013
Select the correct code:CorrectIn the wake of accounting scams and frauds in the corporate sector, National Financial
Reporting authority (NFRA) was notified as an independent regulator for auditing profession
which is one of the key changes brought in by the Companies Act 2013. NFRA will review the
quality of corporate financial reporting in certain classes and subclasses of companies and
take disciplinary action against auditors/audit firms for not discharging their statutory duties
with due diligence. The decision is expected to result in higher foreign/domestic
investments, acceleration of economic growth while supporting greater globalization of
business by conforming to international standards and assisting in the evolution of audit
profession. The jurisdiction of NFRA for investigation of Chartered Accountants and their
firms under section 132 of the Act would extend to listed companies and large unlisted
public companies, the threshold for which shall be prescribed in the rules.IncorrectIn the wake of accounting scams and frauds in the corporate sector, National Financial
Reporting authority (NFRA) was notified as an independent regulator for auditing profession
which is one of the key changes brought in by the Companies Act 2013. NFRA will review the
quality of corporate financial reporting in certain classes and subclasses of companies and
take disciplinary action against auditors/audit firms for not discharging their statutory duties
with due diligence. The decision is expected to result in higher foreign/domestic
investments, acceleration of economic growth while supporting greater globalization of
business by conforming to international standards and assisting in the evolution of audit
profession. The jurisdiction of NFRA for investigation of Chartered Accountants and their
firms under section 132 of the Act would extend to listed companies and large unlisted
public companies, the threshold for which shall be prescribed in the rules. - Question 2 of 5
2. Question
1 points‘Asiatic Lion Conservation Project’ is launched by
CorrectIncorrect - Question 3 of 5
3. Question
1 pointsConsider the following statements with respect to ‘Start-up Village Entrepreneurship
Programme (SVEP)’
1. It is a sub-scheme under the Deendayal Antyodaya Yojana – National Rural
Livelihoods Mission (DAY-NRLM)
2. Any graduate from a rural area who is willing to be entrepreneurial and self-reliant is
eligible to be part of this programme
Select the correct statementsCorrectIncorrect - Question 4 of 5
4. Question
1 points‘Unnat PBW343’ is a variety of
CorrectIncorrect - Question 5 of 5
5. Question
1 pointsConsider the following statements with respect to ‘Global Green Growth Institute’
1. It was launched at the 2010 United Nations Framework Convention on Climate
Change (UNFCCC) conference held in Cancun, Mexico
2. It is a treaty-based international, inter-governmental organization dedicated to
supporting and promoting strong, inclusive and sustainable economic growth in
developing countries and emerging economies
Select the correct statementsCorrectThe Global Green Growth Institute (GGGI) is a treaty-based international organization
headquartered in Seoul, South Korea. The organization aims to promote green growth, a
growth paradigm that is characterized by a balance of economic growth and environmental
sustainability. GGGI provides research and stakeholder engagement for green growth plans,
especially in developing countries, aiming to replace the more typical paradigm based on
industrial development.
Founded to support green economic growth that simultaneously addresses poverty
reduction, job creation, social inclusion, and environmental sustainability, GGGI works
across four priority areas that are considered to be essential to transforming national
economies, including energy, water, land use, and green cities.
GGGI envisions a resilient world achieved through strong, inclusive, and sustainable green
growth, and is dedicated to supporting the transition of GGGI Member countries toward a
green growth model. In pursuit of these goals, GGGI works with developing and emerging
countries to design and deliver programs to demonstrate new pathways for pro-poor,
sustainable economic growth.
GGGI supports stakeholders through the delivery of comprehensive products and services
designed to assist in developing, financing, and mainstreaming green growth to support the
implementation of national economic development priorities and international
commitments.IncorrectThe Global Green Growth Institute (GGGI) is a treaty-based international organization
headquartered in Seoul, South Korea. The organization aims to promote green growth, a
growth paradigm that is characterized by a balance of economic growth and environmental
sustainability. GGGI provides research and stakeholder engagement for green growth plans,
especially in developing countries, aiming to replace the more typical paradigm based on
industrial development.
Founded to support green economic growth that simultaneously addresses poverty
reduction, job creation, social inclusion, and environmental sustainability, GGGI works
across four priority areas that are considered to be essential to transforming national
economies, including energy, water, land use, and green cities.
GGGI envisions a resilient world achieved through strong, inclusive, and sustainable green
growth, and is dedicated to supporting the transition of GGGI Member countries toward a
green growth model. In pursuit of these goals, GGGI works with developing and emerging
countries to design and deliver programs to demonstrate new pathways for pro-poor,
sustainable economic growth.
GGGI supports stakeholders through the delivery of comprehensive products and services
designed to assist in developing, financing, and mainstreaming green growth to support the
implementation of national economic development priorities and international
commitments.