CS Executive ECL Important Questions | Economic and Commercial Laws

CS Executive ECL Important Questions : Preparation for the Company Secretary (CS) Executive Exam involves a structured study plan, regular revisions, and a good amount of practice. Economic, Business, and Commercial laws are essential subjects in the CS executive exam Syllabus, providing high-scoring chances.

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CS Executive Economic and Commercial Laws Topics

CS Executive Economic and Commercial Laws Important Questions

CS Executive ECL Important Questions For Foreign Exchange Management Act

• Describe transactions in current and capital accounts.
• Enumerate the transactions that need RBI permission in advance.
• Restrictions on withdrawal of foreign exchange for specific kinds of transactions.
• Caps on the total amount of foreign exchange available to individuals and companies.
• What are the categories of capital account transactions?

CS Executive ECL Important Questions For Foreign Direct Investment

• What are the goals of foreign direct investment (FDI) policy?
• Which areas allow foreign direct investment?
• What provisions are there for reporting FDI remittances?
• Which industries are prohibited from receiving FDI?
• Short notes: Automatic and Government Approval, Authorized person.

CS Executive ECL Important Questions For Foreign Contribution Regulation Act, 2010

• Who is eligible to receive foreign contributions, and who is not?
• What is the definition of foreign contribution, hospitality, and foreign sources?
• What is the nature of foreign organizations?

CS Executive ECL Important Questions For Special Economic Zone

• What are the key characteristics of a Special Economic Zone (SEZ)?
• Who can establish SEZs?
• What steps are involved in setting up a unit in a SEZ?
• How do Special Economic Zones facilitate economic growth?

CS Executive ECL Important Questions For Competition Act

• Describe and discuss the Relevant Market, Relevant Geographic Market, and Relevant Product Market.
• Write brief notes: Monopolistic trade practices, restrictive trade practices, and unfair trade practices.
• What is the significance of competition in the market?

CS Executive ECL Important Questions For Consumer Protection Act

• What are the fundamental rights of consumers that need to be promoted and protected?
• Short notes: Service Agreement, Deficiency in service, Consumer

CS Executive ECL Important Questions For Prevention of Money-laundering Act

• Discuss the effects of laundering on economic growth and society.
• Explain what money laundering is and how it works.
• What is the Financial Action Task Force's (FATF) function?

CS Executive ECL Important Questions For Transfer of Property Act, 1882

• Absolute Interest
• Reversion and Remainder
• Vested and Contingent Interest

CS Executive ECL Important Questions For Essential Commodities Act, 1955

• Explain the central government's authority to regulate essential commodities' production, distribution, and supply.
• Explain when commodities may be seized following the necessary Commodities Act.

CS Executive ECL Important Questions For Industries Development and Regulation

• What are the goals of the government's industrial policy?
• Explain the function of the Development Council and the Central Advisory Council.
• What is a license for industrial use? When is it possible to revoke an industrial permit?

CS Executive ECL Important Question For Laws Relating to Trust

• What are the basic principles of trust?
• How and by whom is a trust created?
• Summarize the clauses about the responsibilities and rights of trustees.
• Who is a beneficiary? What are his obligations and rights?

CS Executive ECL Important Questions For Patent

• Which are not inventions according to the Patent Act?
• Does an Indian patent grant global protection?
• Can an overseas application be filed in India under the Patent Cooperation Treaty (PCT)?
• Discuss the terms and conditions of the Patents Act concerning compulsory licenses.

How CS Executive ECL Important Questions Benefit Students?

• By getting an idea of the essential questions, candidates organize their study plan and revision strategies to clarify the concepts as required for answering the questions.
• While answering these critical questions, they identify their knowledge gap and focus on improving the weak points.
• While solving the questions, if they face challenges or doubts, candidates can seek guidance and suggestions from teachers, peers, or subject experts to improve their knowledge base on essential concepts.
• Practising more with the essential questions from different chapters helps candidates cover the entire syllabus and boosts confidence to handle any questions in the CS executive exam.