This MCQ Quiz on Key Managerial Personnel (KMP) will help you revise important concepts quickly, If you are preparing for B.Com, M.Com, CA, CS, or Competitive Exams.
This quiz is based on provisions of Companies Act 2013 India and includes exam-oriented questions.
🔍 What is Key Managerial Personnel (KMP)?
Key Managerial Personnel (KMP) are the top-level executives responsible for managing the company’s operations. These include:
- Managing Director
- Whole-time Director
- Manager
- Company Secretary
They play a crucial role in decision-making and compliance.
🧠 MCQ on Key Managerial Personnel (KMP)
1. Full shareholders are the true ____ of the company.
A) Director
B) Notes
C) Owner ✅
D) Partners
2. A Managing Director can act as MD of maximum how many companies?
A) 3
B) 2
C) 4
D) None of these ✅
3. The Sick Industries Companies Act was passed in which year?
A) 1985 ✅
B) 1980
C) 1981
D) 1984
4. Monthly managerial remuneration of Managing Director is:
A) ₹3.5 lakh
B) ₹2.5 lakh
C) ₹1.5 lakh
D) ₹2 lakh ✅
5. Whole-time director means a director who works:
A) Full-time ✅
B) Half-time
C) Part-time
D) None
6. Remuneration of whole-time director should not exceed:
A) 10%
B) 5% ✅
C) 15%
D) 20%
7. Manager is responsible for:
A) Mostly all activities ✅
B) Partial activities
C) Some activities
D) None
8. Company Secretary is defined under section:
A) 1975
B) 1990
C) 1980
D) 1985 ✅
9. Company Secretary is also known as:
A) Private Officer
B) Cooperative Officer
C) Administrative Officer ✅
D) None
10. Corporate Social Responsibility (CSR) is a type of:
A) Self-regulation ✅
B) Only regulation
C) External regulation
D) None
📊 CSR and Company Law MCQs
11. Full form of CSR is:
A) Corporate Social Responsibility ✅
B) Cooperation Sell Resources
C) Commerce Society Representative
D) None
12. CSR activities include:
A) Education development
B) Gender equality awareness
C) Social projects
D) All of the above ✅
13. Member approval is not required for MD appointment if provided in rules:
A) False
B) True ✅
14. Appointment of MD through general meeting is not proper:
A) True
B) False ✅
15. Whole-time director appointment requires government approval if conditions are correct:
A) True ✅
B) False
📘 True/False MCQ on KMP Concepts
16. Manager’s role is very broad:
A) True ✅
B) False
17. Arranging meetings and keeping minutes is NOT the duty of secretary:
A) True
B) False ✅
18. Company Secretary is a statutory officer:
A) True ✅
B) False
19. 2% of average profit must be spent on CSR annually:
A) True ✅
B) False
20. CSR is defined under which section?
A) Section 135 ✅
B) Section 136
C) Section 137
D) Section 138
🎯 Why This KMP MCQ Quiz is Important?
- ✔️ Covers exam-relevant concepts
- ✔️ Based on Companies Act 2013
- ✔️ Helps in quick revision
- ✔️ Useful for objective exams & interviews
🚀 Final Conclusion
This MCQ Quiz on Key Managerial Personnel (KMP) is perfect for strengthening your company law concepts. Practice regularly to improve accuracy and score higher in exams.
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