Question No 35:
In China, more than 800,000 mediation committees function in rural and urban areas. Which one of the following correctly identifies by percentage the extent to which these committees deal with civil disputes?
A. Over 90%
B. Over 80%
C. Over 70%
D. Over 60%
Answer: A
Thursday, 31 December 2015
Thursday, 17 December 2015
Cima C05 Exam Question No 34
Question No 34:
Which one of the following is not in the five categories of action recognised as the “Five Pillars of Islam”?
A. Permissible
B. Reprehensible
C. Meritorious
D. Tolerated
Answer: D
Which one of the following is not in the five categories of action recognised as the “Five Pillars of Islam”?
A. Permissible
B. Reprehensible
C. Meritorious
D. Tolerated
Answer: D
Thursday, 10 December 2015
Cima C05 Exam Question No 33
Question No 33:
Which ONE of the following statements is correct?
A. The aim of the criminal law is to regulate behaviour within society by the threat of punishment.
B. The aim of the criminal law is to punish offenders.
C. The aim of the criminal law is to provide a means whereby injured persons may obtain compensation.
D. The aim of the criminal law is to ensure that the will of the majority is imposed upon the minority.
AnswerL A
Which ONE of the following statements is correct?
A. The aim of the criminal law is to regulate behaviour within society by the threat of punishment.
B. The aim of the criminal law is to punish offenders.
C. The aim of the criminal law is to provide a means whereby injured persons may obtain compensation.
D. The aim of the criminal law is to ensure that the will of the majority is imposed upon the minority.
AnswerL A
Friday, 20 November 2015
Cima C05 Exam Question No 32
Question No 32:
Which ONE of the following is the highest court in England?
A. The Court of Appeal
B. The Supreme Court
C. The High Court.
D. The Crown Court
Answer: B
Which ONE of the following is the highest court in England?
A. The Court of Appeal
B. The Supreme Court
C. The High Court.
D. The Crown Court
Answer: B
Thursday, 12 November 2015
Cima C05 Exam Question No 31
Question No 31:
Which ONE of the following is the superior source of English law?
A. A precedent established by the Supreme Court.
B. A provision in an Act of Parliament.
C. A government pronouncement.
D. A Statutory Instrument.
Answer:
Which ONE of the following is the superior source of English law?
A. A precedent established by the Supreme Court.
B. A provision in an Act of Parliament.
C. A government pronouncement.
D. A Statutory Instrument.
Answer:
Thursday, 5 November 2015
Cima C05 Exam Question No 30
Question No 30:
Which of the following types of committee are not recommended by the UK best practices?
A. Nominations Committee and Audit Committee
B. Nominations Committee and Remuneration Committee
C. Remuneration Committee and Audit Committee
D. Planning Committee and Strategic Committee
Answer: D
Which of the following types of committee are not recommended by the UK best practices?
A. Nominations Committee and Audit Committee
B. Nominations Committee and Remuneration Committee
C. Remuneration Committee and Audit Committee
D. Planning Committee and Strategic Committee
Answer: D
Thursday, 29 October 2015
Cima C05 Exam Question No 29
Question No 29:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Wednesday, 21 October 2015
Cima C05 Exam Question No 28
Question No 28:
The all-executive board?
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board?
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Thursday, 15 October 2015
Cima C05 Exam Question No 27
Question No 27:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Thursday, 8 October 2015
Cima C05 Exam Question No 26
Question No 26:
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Thursday, 1 October 2015
Cima C05 Exam Question No 25
Question No 25:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Wednesday, 23 September 2015
Cima C05 Exam Question No 24
Question No 24:
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Thursday, 17 September 2015
Cima C05 Exam Question No 23
Question No 23:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Thursday, 10 September 2015
Cima C05 Exam Question No 22
Question No 22:
The all-executive board?
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board?
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Thursday, 27 August 2015
Cima C05 Exam Question No 21
Question No 21:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Thursday, 20 August 2015
Cima C05 Exam Question No 20
Question No 20:
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Wednesday, 12 August 2015
Cima C05 Exam Question No 19
Question No 19:
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. Both i and ii
D. None of them
Answer: C
Thursday, 6 August 2015
Cima C05 Exam Question No 18
Question No 18:
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
The all-executive board:
A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles
Answer: D
Thursday, 30 July 2015
Cima C05 Exam Question No 17
Question No 17:
i. A company director could act in breach of the duty of care, and yet could still comply with the principles of corporate governance.
ii. A professional accountant acting as a company director has got a strict duty of care towards the shareholders.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. i and ii
D. None of them.
Answer: A
i. A company director could act in breach of the duty of care, and yet could still comply with the principles of corporate governance.
ii. A professional accountant acting as a company director has got a strict duty of care towards the shareholders.
Which of the following is CORRECT in relation to the above statements?
A. i only
B. ii only
C. i and ii
D. None of them.
Answer: A
Wednesday, 29 July 2015
Cima C05 Exam Question No 16
Question No 16:
Which of the following are represented at board level in the United Kingdom?
A. Both shareholders and employees
B. Both shareholders and creditors
C. Shareholders only
D. Employees only
Answer: C
Which of the following are represented at board level in the United Kingdom?
A. Both shareholders and employees
B. Both shareholders and creditors
C. Shareholders only
D. Employees only
Answer: C
Wednesday, 22 July 2015
Cima C05 Exam Question No 15
Question No 15:
According to the Cad bury Committee Report 1992 independent non-executive directors should be appointed to the board of listed UK companies.
This is to ensure:
A. It is cheaper to recruit non-executive directors than executive directors
B. Non-executive directors are more experienced than executive directors
C. Non-executive directors are perceived to be more independent than executive directors
D. It is more difficult to remove non-executive directors from the board than executive directors
Answer: C
According to the Cad bury Committee Report 1992 independent non-executive directors should be appointed to the board of listed UK companies.
This is to ensure:
A. It is cheaper to recruit non-executive directors than executive directors
B. Non-executive directors are more experienced than executive directors
C. Non-executive directors are perceived to be more independent than executive directors
D. It is more difficult to remove non-executive directors from the board than executive directors
Answer: C
Sunday, 12 July 2015
Cima C05 Exam Question No 14
Question No 14:
Which of the following is suggesting that one person should not occupy the role of Chairman and Chief Executive of a public listed company.
A. The Hampel Committee Report 1998
B. The Cad bury Committee Report 1992
C. The Green bury Committee Report 1995
D. The Smith Report on Audit Committees 2003
Answer: A
Which of the following is suggesting that one person should not occupy the role of Chairman and Chief Executive of a public listed company.
A. The Hampel Committee Report 1998
B. The Cad bury Committee Report 1992
C. The Green bury Committee Report 1995
D. The Smith Report on Audit Committees 2003
Answer: A
Sunday, 5 July 2015
Cima C05 Exam Question No 13
Question No 13:
The system by which companies are directed and controlled is called:
A. Corporate regulations
B. Corporate governance
C. Corporate administration
D. Corporate compliance
Answer: B
The system by which companies are directed and controlled is called:
A. Corporate regulations
B. Corporate governance
C. Corporate administration
D. Corporate compliance
Answer: B
Sunday, 28 June 2015
Cima C05 Exam Question No 12
Question No 12:
When a professional accountant faces choices which amounts to conflict or breach, he / she should always:
i. Think objectively, and take his / her preferences out of the equation
ii. Act professionally, and seek guidance from the CIMA Code of Practice and CIMA
iii. Reflect on the situation, and continue to learn and develop
A. Only i and ii are correct
B. Only ii and iii are correct
C. Only i and iii are correct
D. Only i, ii and iii are correct
Answer: D
When a professional accountant faces choices which amounts to conflict or breach, he / she should always:
i. Think objectively, and take his / her preferences out of the equation
ii. Act professionally, and seek guidance from the CIMA Code of Practice and CIMA
iii. Reflect on the situation, and continue to learn and develop
A. Only i and ii are correct
B. Only ii and iii are correct
C. Only i and iii are correct
D. Only i, ii and iii are correct
Answer: D
Sunday, 21 June 2015
Cima C05 Exam Question No 11
Question No 11:
All of the following are the Fundamental Principles of CIMA Code of Ethics professional accountants are supposed to call upon to resolve ethical conflicts, EXCEPT which ONE?
A. Integrity
B. Effect
C. Transparency
D. Fairness
Answer: D
All of the following are the Fundamental Principles of CIMA Code of Ethics professional accountants are supposed to call upon to resolve ethical conflicts, EXCEPT which ONE?
A. Integrity
B. Effect
C. Transparency
D. Fairness
Answer: D
Sunday, 14 June 2015
Cima C05 Exam Question No 10
Question No 10:
Rex, a CIMA Member, is facing with the following ethical dilemma.
Rex’s wife has just got a job as managing director with a great remuneration package of a successful organization, which also happens to be one of his biggest clients.
Which statement is CORRECT?
A. Rex should prevent his wife from taking up this job, as it appears unethical.
B. By working through the CIMA Code of Ethics, Rex will find guidance how to deal with this ethical dilemma.
C. There is no ethical dilemma, as Rex and his wife are independent entities as far as their jobs are concerned.
D. Rex should immediately notify his client that he intends to terminate his service if it recruits his wife to avoid ethical conflict.
Answer: B
Rex, a CIMA Member, is facing with the following ethical dilemma.
Rex’s wife has just got a job as managing director with a great remuneration package of a successful organization, which also happens to be one of his biggest clients.
Which statement is CORRECT?
A. Rex should prevent his wife from taking up this job, as it appears unethical.
B. By working through the CIMA Code of Ethics, Rex will find guidance how to deal with this ethical dilemma.
C. There is no ethical dilemma, as Rex and his wife are independent entities as far as their jobs are concerned.
D. Rex should immediately notify his client that he intends to terminate his service if it recruits his wife to avoid ethical conflict.
Answer: B
Monday, 8 June 2015
Cima C05 Exam Question No 9
Question No 9:
All the following are sources of values that give rise to ethical dilemmas EXCEPT which ONE?
A. Society, through the legislative process
B. Individuals, through their personal values
C. Organisations, through codes of ethics for their staff to follow
D. Courts, through higher judicial precedents
Answer: D
All the following are sources of values that give rise to ethical dilemmas EXCEPT which ONE?
A. Society, through the legislative process
B. Individuals, through their personal values
C. Organisations, through codes of ethics for their staff to follow
D. Courts, through higher judicial precedents
Answer: D
Sunday, 31 May 2015
Cima C05 Exam Question No 8
Question No 8:
‘How much recycling of waste and paper undertaken by an organisation?’ relates to which one of the following?
A. Corporate governance of an organisation
B. Corporate values of an organisation
C. Social responsibility of an organisation
D. Corporate policy towards sustainability
Answer: C
‘How much recycling of waste and paper undertaken by an organisation?’ relates to which one of the following?
A. Corporate governance of an organisation
B. Corporate values of an organisation
C. Social responsibility of an organisation
D. Corporate policy towards sustainability
Answer: C
Sunday, 24 May 2015
Cima C05 Exam Question No 7
Question No 7:
What is INCORRECT?
A. Professional accountants are always bound by the principle of confidentiality.
B. Integrity denotes an attitude of personal and professional consistency in the way in which professional accountants act.
C. Professional accountants can be required by law to disclose confidential information about their clients.
D. Professional accountants are required to be independent both of mind and in appearance.
Answer: A
What is INCORRECT?
A. Professional accountants are always bound by the principle of confidentiality.
B. Integrity denotes an attitude of personal and professional consistency in the way in which professional accountants act.
C. Professional accountants can be required by law to disclose confidential information about their clients.
D. Professional accountants are required to be independent both of mind and in appearance.
Answer: A
Sunday, 17 May 2015
Cima C05 Exam Question No 6
Question No 6:
What are INCORRECT statements?
i. The Audit Practices Board reviews the regulatory activities of the professional accounting bodies.
ii. The Professional Oversight Board for Accountancy is part of the Financial Reporting Council.
iii. ‘The Seven Principles of Public Life’ is applicable only to professional accountants.
iv. The CIMA Code of Ethics includes reference to how a professional accountant can raise concern about unprofessional or unethical behaviour.
A. i , ii and iv only
B. ii, iii and iv only
C. i, ii and iii only
D. all of the statements
Answer: C
What are INCORRECT statements?
i. The Audit Practices Board reviews the regulatory activities of the professional accounting bodies.
ii. The Professional Oversight Board for Accountancy is part of the Financial Reporting Council.
iii. ‘The Seven Principles of Public Life’ is applicable only to professional accountants.
iv. The CIMA Code of Ethics includes reference to how a professional accountant can raise concern about unprofessional or unethical behaviour.
A. i , ii and iv only
B. ii, iii and iv only
C. i, ii and iii only
D. all of the statements
Answer: C
Sunday, 3 May 2015
Cima C05 Exam Question No 5
Question No 5:
What are the CORRECT statements?
i. Clear ethical values set cultural tone of the company.
ii. Self regulation is based upon trust.
iii. The objective of ethics is detection and prevention.
iv. CIMA Code of Ethics has got a framework-based approach
A. i, ii and iii
B. i, iii and iv
C. ii, iii and iv
D. i, ii and iv
Answer: D
What are the CORRECT statements?
i. Clear ethical values set cultural tone of the company.
ii. Self regulation is based upon trust.
iii. The objective of ethics is detection and prevention.
iv. CIMA Code of Ethics has got a framework-based approach
A. i, ii and iii
B. i, iii and iv
C. ii, iii and iv
D. i, ii and iv
Answer: D
Sunday, 26 April 2015
Cima C05 Exam Question No 4
Question No 4:
The following are four of ‘the seven principles of public life’ issued by the Committee of Standards in Public Life, and a brief explanation. Which explanation does NOT match with the principle?
A. Integrity – holders of public office should not place themselves under any financial or other obligation.
B. Objectivity – in carrying out public business, the holder of public office must ensure personal objectives behind public objectives
C. Honesty - holders of public office have a duty to declare any private interests relating to their public duties
D. Openness - holders of public office should be open as much as possible about all decisions and actions they take.
Answer: B
The following are four of ‘the seven principles of public life’ issued by the Committee of Standards in Public Life, and a brief explanation. Which explanation does NOT match with the principle?
A. Integrity – holders of public office should not place themselves under any financial or other obligation.
B. Objectivity – in carrying out public business, the holder of public office must ensure personal objectives behind public objectives
C. Honesty - holders of public office have a duty to declare any private interests relating to their public duties
D. Openness - holders of public office should be open as much as possible about all decisions and actions they take.
Answer: B
Sunday, 19 April 2015
Cima C05 Exam Question No 3
Question No 3:
CIMA Code of Ethics takes what is called a ‘framework-based’ approach. What is the INCORRECT statement?
A. It does not provide a list of ‘you should not’ commands to accountants
B. It provides steps to identify, explain and solve ethical problems
C. It helps accounting practitioners to deal with immediate practical problems
D. Framework-based approach must be approved by the highest court in the country of the CIMA member registers the practice
Answer: D
CIMA Code of Ethics takes what is called a ‘framework-based’ approach. What is the INCORRECT statement?
A. It does not provide a list of ‘you should not’ commands to accountants
B. It provides steps to identify, explain and solve ethical problems
C. It helps accounting practitioners to deal with immediate practical problems
D. Framework-based approach must be approved by the highest court in the country of the CIMA member registers the practice
Answer: D
Monday, 13 April 2015
Cima C05 Exam Question No 2
Question No 2:
Which of the following statement is INCORRECT regarding Financial Reporting Council (FRC)?
A. It is the United Kingdom’s independent regulator for corporate reporting and governance
B. It must always seek to insure professional integrity of practicing accountants
C. It aims at promoting confidence in corporate reporting and governance
D. Professional Oversight Board and Audit Practices Board are part of FRC
Answer: B
Which of the following statement is INCORRECT regarding Financial Reporting Council (FRC)?
A. It is the United Kingdom’s independent regulator for corporate reporting and governance
B. It must always seek to insure professional integrity of practicing accountants
C. It aims at promoting confidence in corporate reporting and governance
D. Professional Oversight Board and Audit Practices Board are part of FRC
Answer: B
Friday, 10 April 2015
Cima C05 Exam Question No 1
Question No 1:
Legal and disciplinary frameworks provide ALL of the following EXCEPT which ONE?
A. An effective means of challenging serious wrong-doing
B. Deterrents to bad practice through punishment and censure
C. Means of controlling behavior
D. Financial compensation only to the affected parties
Answer: D
Legal and disciplinary frameworks provide ALL of the following EXCEPT which ONE?
A. An effective means of challenging serious wrong-doing
B. Deterrents to bad practice through punishment and censure
C. Means of controlling behavior
D. Financial compensation only to the affected parties
Answer: D
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