SNAP 2024 Actual Question Papers with Solutions, Slot-wise – Page 11
All 120 questions of SNAP 2024. Tap Show answer, or open the detailed solution (free login). Page 11 of 24.
You are an independent director on the board of a mid-sized listed company. The promoter-CEO proposes awarding a ₹25 crore contract to a firm owned by his brother, claiming it offers the best terms. The proposal is tabled at the last minute, with no competing bids and no independent valuation. What should you do?
- Approve it, since the CEO knows the business best and a delay may lose the deal.
- Approve it on the condition that the CEO personally guarantees the firm's performance.
- Insist on audit-committee review as a related-party deal, with competing bids or a valuation.
- Resign from the board immediately, so that you are not personally associated with a possibly improper deal.
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Answer: C. Insist on audit-committee review as a related-party deal, with competing bids or a valuation.
You discover that a senior colleague in a listed Indian company has submitted inflated travel bills. The company has a whistleblower policy and an audit committee. What should you do first?
- Confront the colleague and ask him to return the money quietly
- Report the matter with evidence through the whistleblower mechanism or to the audit committee
- Tell the entire team so that everyone puts pressure on him
- Ignore it because he is senior and the amount is small
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Answer: B. Report the matter with evidence through the whistleblower mechanism or to the audit committee
A manager at a Delhi-based logistics firm misses a regulatory renewal deadline because he forgot to track it, and the company is fined ₹2 lakh. When the CEO asks what happened, he is tempted to blame an assistant who recently resigned – something nobody could verify. What is the most ethical response?
- Take responsibility, explain what went wrong, and propose a reminder system.
- Say that the assistant was responsible, since she did handle some of the paperwork.
- Explain that the deadline was missed due to 'system issues' without naming anyone.
- Offer to pay the fine personally, but avoid discussing the cause of the lapse.
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Answer: A. Take responsibility, explain what went wrong, and propose a reminder system.
You are an account manager at an ad agency. A hair-oil client insists the new hoarding say 'No. 1 hair oil in Maharashtra', based on one month's sales in Pune alone. The client is your largest account, and the hoardings go up in three days. What should you do?
- Drop the client account immediately to protect the agency from future advertising standards regulatory action.
- Run the hoarding exactly as requested since the client is ultimately responsible for their own advertising claims.
- Publish the statewide claim but add a small footnote stating it is based purely on Pune data.
- Decline the misleading statewide claim and propose an accurate, strong alternative focusing only on Pune sales.
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Answer: D. Decline the misleading statewide claim and propose an accurate, strong alternative focusing only on Pune sales.
A bank officer in Lucknow is processing a loan application from a farmer whose crop failed because of unseasonal rain. Instead of rejecting the file at once for missing documents, she takes time to understand his situation, explains the options in simple language, and helps him apply for a government relief scheme – while still following every bank rule. Which value does her conduct primarily reflect?
- Objectivity
- Empathy
- Impartiality
- Utilitarianism
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Answer: B. Empathy