MCQs - Chapter 1




(1)Which of the following is not a category of business processes?

(a)Management Processes
(b)Automated Processes
(c)Operational Processes
(d)Supporting Processes

(2)Following process is also known as primary process?


(a)Management Process
(b)Automated Process
(c)Operational Process
(d)Supporting Process


(3)Which of the following is not the objective of business process automation?


(a)Staff Attrition
(b)Confidentiality
(c)Integrity
(d)Timeliness

(4)Which of the following is not the benefit of business process automation?


(a)Employee Satisfaction
(b)Improved Operational Efficiency
(c)Reduced Turnover Time
(d)Governance & Reliability

(5)Following process is also known as secondary process?


(a)Management Process
(b)Automated Process
(c)Operational Process
(d)Supporting Process

(6)Which of the following is not the step of business process automation?


(a)Documentation
(b)Engage the business process consultant
(c)Benchmarking
(d)Testing the BPA

(7)Which of the following is not the benefit of Enterprise Risk Management?


(a)Improved Opportunities Management
(b)Improved Capital Allocation
(c)Increase in Turnover Time
(d)Minimizes operational losses

(8)Which of the following is not the component of Enterprise Risk Management?


(a)Internal Environment  
(b)Objective Setting
(c)Risk Assessment
(d)Infrastructure

(9)Which of the following is not the component of Enterprise Risk Management?


(a)Control Activities   
(b)Monitoring  
(c)File & data transmission
(d)Risk Response

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 (10)Which of the following is the risk of business process automation?

(a)Align risk appetites and strategy  
(b)Link growth, risk and return
(c)Enhance risk response time
(d)Data integrity

(11)Which of the following is not the risk of business process automation?


(a)Inaccurate Input  
(b)Inaccurate Processing
(c)Enhance risk response time
(d)Data integrity 

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(12)Which of the following is not the type of business risk?


(a)Detection Risk 
(b)Strategic Risk
(c)Compliance Risk
(d)Reputational Risk

(13)Which of the following is not the type of business risk?


(a)Financial Risk 
(b)Operational Risk
(c)Control Risk
(d)Regulatory Risk


(14)Which of the following is not the component of Internal Control System?

(a)Internal Environment
(b)Risk Assessment
(c)Monitoring
(d)Infrastructure


(15)Which of the following is not the component of Internal Control System?
(a)Database
(b)Objective Setting
(c)Event Identification
(d)Risk Response 


(16)Which of the following is not the limitation of Internal Control System?
(a)Abuse of responsibility
(b)Improper risk assessment
(c)Collusion within employees 
(d) Manipulation by management


(17)Which of the following is not the advantage of flowchart?
(a)Quicker Reproduction
(b)Quicker grasp of Relationship
(c)Effective Analysis 
(d)Effective Communication


(18)Which of the following is not the advantage of flowchart?
(a)Effective Documentation
(b)Easy Modification
(c)Effective Program Debugging
(d)Establishing Controls  


(19)Which of the following is not the limitation of flowchart?
(a)Complex Logic
(b)Difficulty in Reproduction
(c)Difficulty in identifying responsibilities
(d)Difficulty in establishing link between conditions & actions


(20)Which of the following is not a flowcharting symbol?
(a)Decision
(b)Control
(c)Process
(d)Start


(21)Overview of which of the following is not provided by DFD:

(a)What type of data is processed by system.
(b)What types of transformations are performed by the system
(c)What kind of infrastructure is used by the system.
(d)What type of data is stored.


(22)Which of the following is not considered as sensitive personal information as per IT Act?

(a)Medical Reports
(b)Biometric Information
(c)Address.
(d)Passwords


(23)Which of the following is not an objective of Enterprise Information Systems?

(a)Reduce service cycle
(b)Identify manual processes
(c)Reduce costs
(d)Increase operational efficiency


(24)Which one of the following represents Operational Processes?

(a)Deals with legal compliance
(b)Deal with the core business and value chain
(c)Deal with core processes and functions within an organization
(d)Deals with measuring, monitoring and control activities

(25)Which one of the following is not a benefit of business process automation?

(a)Reduce turnaround time
(b)Operational efficiency
(c)Legal compliance
(d)Reduce costs


(26)Which of the following is not a Business Risk?

(a)Strategic
(b)Financial
(c)Operational
(d)Environmental


(27)Which one of the following does not represent a system of Internal Control?

(a)Meeting sales targets
(b)Safeguarding assets
(c) Prevention and detection of fraud and error
(d)Completeness of accounting records

(28)Which of the following is not a Flowcharting symbol?

(a)Process
(b)Decision
(c)Document
(d)Risk


(29)Which of the following is not a component of Enterprise Risk Management?

(a)Internal environment
(b)Organisation chart
(c)Objective setting
(d)Event identification

(30)Which one of the following is not an objective of Internal Control?

(a)Compliance with applicable laws and regulations
(b)Meeting sales targets
(c)Reliability of reporting
(d)Effectiveness and efficiency of operations

(31)Which one of the following deals with Section 143 of the Companies Act 2013?

(a)Acquisition and Mergers 
(b)Powers and duties of Board of Directors
(c)Powers and duties of auditors and auditing standards
(d)Penalties due to non-compliance

(32)Which one of the following is not defined as Sensitive Personal Information?

(a)Home address
(b)Password
(c)Financial information
(d)Biometric information