Model Question Paper - Professional Ethics (CA)

1. How can professionals promote ethical behavior within their organizations?

A. By rewarding unethical behavior

B. By ignoring ethical guidelines

C. By setting a positive example and enforcing ethical standards

D. By promoting dishonesty

Correct Answer: C. By setting a positive example and enforcing ethical standards

2. How can professionals ensure fairness in decision-making processes?

A. By favoring certain individuals or groups

B. By ignoring the needs of stakeholders

C. By considering all relevant factors and treating everyone equally

D. By exploiting vulnerabilities

Correct Answer: C. By considering all relevant factors and treating everyone equally

3. What is the significance of trust in professional relationships?

A. It is irrelevant

B. It fosters collaboration and cooperation

C. It promotes dishonesty

D. It discourages communication

Correct Answer: B. It fosters collaboration and cooperation

4. Which of the following is NOT a principle of professional ethics?

A. Integrity

B. Confidentiality

C. Profit maximization

D. Respect for others

Correct Answer: C. Profit maximization

5. What is the responsibility of professionals towards clients?

A. To prioritize personal interests

B. To maintain confidentiality

C. To disclose all company secrets

D. To avoid seeking feedback

Correct Answer: B. To maintain confidentiality

6. In a professional context, what does integrity refer to?

A. Following rules only when convenient

B. Being honest and trustworthy

C. Ignoring ethical guidelines

D. Seeking personal gain at any cost

Correct Answer: B. Being honest and trustworthy

7. In ethical decision-making, what does "virtue" refer to?

A. A quality that promotes well-being

B. Following established rules and regulations

C. Obtaining the greatest overall good

D. Achieving personal success

Correct Answer: A. A quality that promotes well-being

8. Which ethical principle emphasizes the importance of fairness and impartiality in

decision-making?

A. Fidelity

B. Autonomy

C. Justice

D. Beneficence

Correct Answer: C. Justice

9. Which of the following is NOT a step in resolving ethical dilemmas?

A. Identifying potential consequences

B. Selecting the easiest solution

C. Consulting relevant guidelines or codes of ethics

D. Reflecting on personal values

Correct Answer: B. Selecting the easiest solution

10. Which of the following is a fundamental principle of most professional codes of ethics?

A. Confidentiality

B. Competition

C. Exploitation

D. Negligence

Correct Answer: A. Confidentiality

11. Which of the following best defines professional responsibility?

A. The duty to follow organizational policies

B. The obligation to act in the best interest of clients or employers

C. The requirement to adhere to legal regulations only

D. The option to prioritize personal interests over professional duties

Correct Answer: B. The obligation to act in the best interest of clients or employers

12. Integrity in a professional context refers to:

A. Consistently following procedures regardless of consequences

B. Honesty and adherence to ethical principles

C. Achieving personal goals at the expense of organizational values

D. Adapting ethical standards based on the situation

Correct Answer: B. Honesty and adherence to ethical principles

13. How do ethical leaders demonstrate humility?

A. By exerting authoritarian control

 B. By acknowledging their limitations and mistakes

C. By blaming others for failures

D. By promoting a culture of arrogance

Correct Answer: B. By acknowledging their limitations and mistakes

14. Ethical leaders prioritize:

A. Manipulation and deceit

B. Short-term gains over long-term sustainability

C. Transparency and accountability

D. Exploitation of resources

Correct Answer: C. Transparency and accountability

15. Which of the following is a key aspect of ethical leadership?

A. Ignoring ethical lapses

B. Creating a toxic work environment

C. Fostering a culture of integrity

D. Hoarding information for personal gain

Correct Answer: C. Fostering a culture of integrity

16. Ethical behavior promotes:

A. Selfishness

B. Individualism

C. Altruism

D. Isolation

Correct Answer: C. Altruism

17. Which ethical principle suggests that individuals should be treated with kindness and
compassion?

A. Autonomy

B. Beneficence
 C. Non-maleficence

D. Justice

Correct Answer: B. Beneficence

18. What is the term used to describe the act of intentionally blocking access to a computer
system or data?

A. Hacking

B. Piracy

C. Phishing

D. DoS (Denial of Service) attack

Correct Answer: D. DoS (Denial of Service) attack

19. What does MNC stand for, relating to international business ethics?

A. Multinational Corporation

B. Multicultural Networking Council

C. Mass Nationalization Commission

D. Modern Networking Communication

Correct Answer: 0. Multinational Corporation (

20. Which of the following is NOT a common challenge in implementing CSR initiatives in
international business?

A. Cultural differences

B. Lack of government regulations

C. Greenwashing

D. Stakeholder engagement

Correct Answer: D. Stakeholder engagement

21. Which ethical principle emphasizes the importance of integrity and honesty in decision-
making?

A. Utilitarianism

B. Deontology
 C. Virtue Ethics

D. Egoism

Correct Answer: B. Deontology

22. In accounting and finance, what is the primary purpose of the Code of Ethics for
Professional Accountants issued by the International Ethics Standards Board for
Accountants (IESBA)?

A. To provide guidance on tax regulations

B. To promote ethical behavior and integrity

C. To standardize financial reporting formats

D. To regulate investment practices

Correct Answer: B. To promote ethical behavior and integrity

23. What ethical principle requires accountants and financial professionals to provide
services diligently, competently, and in accordance with applicable technical and
professional standards?

A. Objectivity

B. Integrity

C. Competence

D. Confidentiality

Correct Answer: C. Competence

24. Which of the following is NOT an example of unethical behavior in financial reporting?

A. Falsifying expense records for personal gain

B. Concealing liabilities to improve financial ratios

C. Disclosing accurate information about business operations

D. Manipulating revenue recognition to meet targets

Correct Answer: C. Disclosing accurate information about business operations

25. Ethical leaders are committed to:

A. Exploiting their followers

 B. Upholding moral values

C. Maintaining a hierarchical structure

D. Ignoring ethical standards

Correct Answer: B. Upholding moral values

26. What role does fairness play in ethical leadership?

A. It is disregarded

B. t is manipulated for personal gain

C. It is central to decision-making

D. It leads to inefficiency

Correct Answer: C. It is central to decision-making

27. Ethical leaders promote a culture of:

A. Secrecy

B. Transparency

C. Micromanagement

D. Favoritism

Correct Answer: B. Transparency

28. Which of the following is NOT a potential consequence of unethical behavior in IT?

A. Legal penalties

B. Loss of reputation

C. Increased trust in the organization

D. Financial losses

Correct Answer: C. Increased trust in the organization

29. What is the term used to describe the illegal copying, distribution, or use of software?

A. Hacking

B. Piracy

C. Phishing
 D. Spoofing

Correct Answer: B. Piracy

30. Which ethical concept emphasizes treating others with fairness and impartiality?

A. Respect for persons

B. Justice

C. Veracity

D. Benevolence

Correct Answer: B. Justice