CS Executive Economic, Business and Commercial Laws PYQ June 2023: Question Paper and Available Answers
CS Executive
Economic, Business and Commercial Laws
PYQS Series
June 2023
40 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Economic, Business and Commercial Laws PYQS (June 2023). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- "The Reserve Bank of India has prescribed appropriate prudential norms for banks in order to strengthen the balance sheets of banks." Briefly describe these norms.
- Elaborate briefly the pre-requisites for compounding process under Foreign Exchange Management Act (FEMA), 1999.
- Discuss the provisions where the Central Government may call for and examine any proceedings under the Foreign Contribution (Regulation) Act, 2010.
- Explain the provisions with regard to setting up of unit under Section 15 of the Special Economic Zones Act, 2005.
- Discuss the terms and conditions for overseas direct investment by a proprietorship concern/unregistered partnership firm in India.
- What do you mean by Liberalised Remittance Scheme?
- In which manner External Commercial Borrowings (ECB) proceeds are permitted to be parked abroad as well as domestically?
- What mandatory documents are required to be submitted for export and import of goods from/into India?
- What is meant by Core Investment Company (CIC)?
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Automatic Route
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Government Route
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investment
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investor.
- Explain any four provisions related to eligibility of service providers under Service Exports from India Scheme (SEIS) as per Foreign Trade Policy and Procedure.
- State the provisions of Reserve Bank of India Act, 1934 regarding creation of reserve fund by non-banking financial companies. How can it be appropriated?
- What do you mean by "Financial Commitment" and "Indian Party" under Overseas Direct Investment?
- Explain the following instruments used by Reserve Bank of India for implementing monetary policy: Liquidity Adjustment Facility
- Explain the following instruments used by Reserve Bank of India for implementing monetary policy: Marginal Standing Facility.
- Under what circumstances the Central Government may remove the Chairperson or any member of the Competition Commission of India under the Competition Act, 2002?
- Discuss the provisions when the order passed by the Competition Commission of India may be rectified under the Competition Act, 2002.
- An Organization constituted by the owners of Cement Industries unanimously decided to raise the price of cement above competitive levels resulting in injury to the consumers and to
- Mention the most commonly adopted ways in which collusive bidding or bid rigging may occur.
- Explain the provisions regarding "Meetings of Commission" under Section 22 of The Competition Act, 2002.
- Explain the procedure which is being regulated by the Competition Commission of India under Section 36(2) while trying the suit under the provisions of the Competition Act, 2002.
- What are the orders that may be issued by the Competition Commission of India after inquiry into any agreement entered into by any enterprise or association of enterprises or any p
- A tendered to supply goods to B up to ₹50,000 for a period of one year. B ordered the goods up to ₹30,000 only. A wants to sue B for breach of contract as order did not come up to
- C agrees to appoint B as his clerk to sell goods at a yearly salary upon A's becoming surety to C for B for his conduct of duly accounting for money received by him as such clerk.
- Ranu, hired a taxi car from his residence to airport as he and his family were going from Mumbai to Bengaluru. The taxi was in a poor condition and the driver had not adequate rest
- Discuss the provisions for the confiscation and vesting of benami property under the Benami Transactions (Prohibition) Act, 1988.
- Explain in brief the role of the Financial Action Task Force (FATF) in the prevention of money laundering under The Prevention of Money Laundering Act, 2002?
- Explain the provisions of the "Publication of names of convicted companies by Court" as per Section 10-B of The Essential Commodities Act, 1955.
- Discuss the aims and advantages for which Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted.
- Section 2A of the Essential Commodities Act, 1955 lists 'foodstuffs' as an essential commodity in its Schedule. Discuss with the help of decided case whether 'tea' is also a 'foods
- What are the penalty provisions for vexatious search under the Legal Metrology Act, 2009?
- Enumerate any four kind of properties which cannot be transferred under the Transfer of Property Act, 1882.
- Distinguish between the following: Cheque and Bill of Exchange
- Distinguish between the following: 'Contract of service' and 'Contract for service' under Consumer Protection Act, 1986
- Distinguish between the following: Sale and Agreement to sell
- Distinguish between the following: Actual, Active or Ostensible partner and Sleeping or Dormant partner.
- Distinguish between the following: Simple mortgage and Mortgage by conditional sale.
How to Prepare for CS Executive Economic, Business and Commercial Laws
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.