Therajpicz Unlocking Success: Highlights from CSEET Communique

The CSEET Communique for March 2025, published by The Institute of Company Secretaries of India (ICSI), is a crucial e-bullet for students preparing for the Company Secretary Executive Entrance Test (CSEET). This edition brings insightful articles, updates on industry trends, and guidance on various aspects of business communication, corporate law, and the economic environment. Below is a detailed overview of the key topics covered in this edition.

Message from the President

CS Dhananjay Shukla, President of ICSI, shares an inspiring message for students, encouraging them to stay focused and persistent in their preparation for upcoming examinations. He acknowledges students' challenges but emphasizes the importance of high-order thinking skills over rote learning. He also extends his wishes on International Women’s Day 2025 and Holi.

Barriers to Effective Listening

Understanding Active and Passive Listening

Effective listening is a vital skill for professionals, especially aspiring Company Secretaries. Active listening involves engaging with the speaker through verbal and non-verbal cues, while passive listening often leads to ineffective communication.

ICSI June Handwritten Notes, Scanner, Case Studies, Chartbook and many more - Click here

ICSI Dec 2025: Notes for CS Executive and CS Professional: Handwritten Notes - Click Here

Internal and External Barriers to Listening

Several factors hinder effective listening, categorized into:

Internal Barriers: Prejudices, distractions, lack of empathy, anxiety, and thinking of responses while someone is still speaking.
External Barriers: Environmental noise, visual distractions, and interruptions.

Strategies for Effective Listening

To overcome these barriers, individuals can:

Practice mindfulness
Seek clarification through questions
Use positive body language
Take notes and reflect on conversations

Importance of Good Listening Skills

Strengthens relationships in personal and professional settings.
Enhances empathy and emotional intelligence.
Aids in conflict resolution by understanding different perspectives.
Facilitates learning, knowledge acquisition, and decision-making.

Understanding Special Purpose Vehicle (SPV): Structure, Purpose, and Risks

An SPV is a legal entity created for a specific business objective, often used in financial structuring, risk management, and investment.

Key Functions of SPVs

Securitization: Transforming illiquid assets into tradable securities.
Financing Projects: Used for large-scale infrastructure and real estate investments.
Risk Sharing: Isolating financial risks to prevent direct impact on the parent company.
Raising Capital: Helps in securing funding at favorable terms.

Challenges and Risks

While SPVs offer financial flexibility, they also come with challenges:

Administrative Burdens – Legal and accounting complexities.
Regulatory Risks – Compliance with financial and tax laws.
Funding Limitations – Difficulty in securing loans due to perceived risks.
Public Perception – Concerns over transparency and ethical use.

Examples of SPVs in India

Government e-Marketplace (GeM SPV) – Established to streamline public procurement.
Faridabad Smart City Limited – An SPV for urban infrastructure development.

ICSI June Handwritten Notes, Scanner, Case Studies, Chartbook and many more - Click here

ICSI Dec 2025: Notes for CS Executive and CS Professional: Handwritten Notes - Click Here

Growth of the Indian Micro, Small, and Medium Enterprises (MSME) Sector

MSMEs are the backbone of India’s economy, contributing significantly to employment and exports.

Union Budget 2025-26 Initiatives for MSMEs

Revised Classification: Investment and turnover limits increased to facilitate scalability.
Enhanced Credit Availability: Micro and small enterprises now have a higher credit guarantee limit.
Special Credit Cards for Micro Enterprises: Providing financial aid for small businesses.
Support for Startups: ₹10,000 crore fund for first-time entrepreneurs.
Sector-Specific Focus: Footwear, leather, and toy industries to receive targeted support.

Current Landscape of MSMEs in India

5.93 crore registered MSMEs.
Account for 45.73% of India’s total exports.
Growing government initiatives like PM Vishwakarma Scheme, PMEGP, and SFURTI to support artisan and rural entrepreneurs.

Current Affairs – March 2025

Key Updates

Aadhaar Good Governance Portal Launched – Streamlining authentication requests for better transparency.
Mutual Credit Guarantee Scheme – Enabling MSMEs to secure loans up to ₹100 crore.
Swavalambini Women Entrepreneurship Program – Empowering women entrepreneurs in the Northeast.
MCA21 Digital Transformation – Over 80 lakh filings recorded, enhancing ease of doing business.
New SEBI Chairman Appointed – Tuhin Kanta Pandey takes charge.

Sample Questions for CSEET

This edition also includes practice questions covering:

Business Communication
Legal Aptitude & Logical Reasoning
Economic & Business Environment
Current Affairs & Quantitative Aptitude

Conclusion

The CSEET Communique – March 2025 serves as a valuable resource for aspirants preparing for the CS examination. From improving communication skills to staying updated with the latest business and economic trends, this edition is an essential read for company secretary students.

For detailed insights, students are encouraged to refer to the complete e-bulletin. 📘✨

ICSI June Handwritten Notes, Scanner, Case Studies, Chartbook and many more - Click here

ICSI Dec 2025: Notes for CS Executive and CS Professional: Handwritten Notes - Click Here

Section 1: Business Communication (10 Questions)

Which of the following is a key characteristic of active listening?
a) Interrupting frequently
b) Thinking about your response while the other person speaks
c) Asking clarifying questions
d) Ignoring non-verbal cues
Answer: c) Asking clarifying questions
What is an external barrier to effective listening?
a) Lack of concentration
b) Prejudice
c) Noise in the environment
d) Anxiety
Answer: c) Noise in the environment
Which strategy improves listening skills?
a) Multitasking during conversations
b) Using passive listening
c) Avoiding distractions
d) Interrupting to express opinions
Answer: c) Avoiding distractions
What does ‘seeking clarification’ in communication mean?
a) Repeating everything the speaker says
b) Asking questions to ensure understanding
c) Interrupting the speaker
d) Guessing the meaning of the conversation
Answer: b) Asking questions to ensure understanding
Which of these is NOT an internal barrier to effective listening?
a) Personal biases
b) Preoccupied thoughts
c) Background noise
d) Emotional state
Answer: c) Background noise
Non-verbal communication includes all of the following EXCEPT:
a) Facial expressions
b) Tone of voice
c) Email messages
d) Body posture
Answer: c) Email messages
Which of the following helps in building strong relationships?
a) Ignoring other people's viewpoints
b) Listening actively
c) Speaking more than listening
d) Being judgmental
Answer: b) Listening actively
Empathy in communication means:
a) Pretending to care
b) Understanding and sharing another person’s feelings
c) Avoiding emotional topics
d) Talking about yourself often
Answer: b) Understanding and sharing another person’s feelings
Which of these is a sign of effective listening?
a) Nodding and maintaining eye contact
b) Interrupting to agree
c) Looking away while listening
d) Checking your phone during the conversation
Answer: a) Nodding and maintaining eye contact
Why is summarizing important in communication?
a) It shows that you have been listening attentively
b) It allows you to speak more
c) It confuses the listener
d) It helps end the conversation quickly
Answer: a) It shows that you have been listening attentively

Section 2: Special Purpose Vehicle (SPV) (10 Questions)

What is a Special Purpose Vehicle (SPV)?
a) A financial structure for individual savings
b) A legal entity created for a specific purpose
c) A government tax department
d) A business with unlimited liability
Answer: b) A legal entity created for a specific purpose
SPVs are primarily used for:
a) Personal investments
b) Managing high financial risk projects
c) Increasing employee salaries
d) Buying personal property
Answer: b) Managing high financial risk projects
Which is a common example of an SPV?
a) Government e-Marketplace (GeM SPV)
b) Private banking firms
c) Local grocery stores
d) Educational institutions
Answer: a) Government e-Marketplace (GeM SPV)
Which sector commonly uses SPVs in India?
a) Textile industry
b) Infrastructure development
c) Fast-food industry
d) Retail stores
Answer: b) Infrastructure development
Which is a risk associated with SPVs?
a) Enhanced transparency
b) Easy taxation
c) Regulatory complexities
d) Lack of financial planning
Answer: c) Regulatory complexities
SPVs are typically used in:
a) Securitization
b) Personal tax management
c) Retail store operations
d) Customer service enhancement
Answer: a) Securitization
Which financial benefit does an SPV provide?
a) Lower funding costs
b) Higher personal savings
c) Government tax exemption
d) Unlimited liability
Answer: a) Lower funding costs
A well-functioning SPV should be:
a) Dependent on the parent company
b) Completely independent
c) Governed only by individuals
d) A permanent financial structure
Answer: b) Completely independent
Which risk is associated with SPVs?
a) Increased business transparency
b) Administrative burdens
c) Easy legal approvals
d) Government tax benefits
Answer: b) Administrative burdens
Why do companies use SPVs?
a) To isolate financial risks
b) To pay more taxes
c) To avoid hiring employees
d) To create personal wealth
Answer: a) To isolate financial risks

Section 3: MSME Growth in India (10 Questions)

MSME stands for:
a) Micro, Small, and Medium Enterprises
b) Major Small and Medium Enterprises
c) Micro and State Market Enterprises
d) Managed Sales and Market Enterprises
Answer: a) Micro, Small, and Medium Enterprises
How much do MSMEs contribute to India’s total exports?
a) 10%
b) 25%
c) 45.73%
d) 60%
Answer: c) 45.73%
Which initiative supports MSMEs in India?
a) Start-Up India
b) PM Vishwakarma Scheme
c) FDI Policy
d) Stock Market Regulations
Answer: b) PM Vishwakarma Scheme
What is the main challenge faced by MSMEs?
a) High employment rates
b) Limited access to credit
c) Too many government subsidies
d) Excessive manpower
Answer: b) Limited access to credit
Which sector benefits the most from MSMEs?
a) Manufacturing
b) Information Technology
c) Aviation
d) Space research
Answer: a) Manufacturing

Section 4: Current Affairs (10 Questions)

What is the main purpose of the Aadhaar Good Governance Portal launched in 2025?
a) To issue new Aadhaar numbers
b) To streamline the approval process for Aadhaar authentication requests
c) To replace physical ID cards
d) To provide tax benefits
Answer: b) To streamline the approval process for Aadhaar authentication requests
Who was appointed as the Chairman of SEBI in March 2025?
a) Alok Sachdeva
b) Tuhin Kanta Pandey
c) Urjit Patel
d) Rakesh Sharma
Answer: b) Tuhin Kanta Pandey
Which scheme was launched in February 2025 to support women entrepreneurs in the Northeast?
a) Pradhan Mantri Mudra Yojana
b) Swavalambini Women Entrepreneurship Program
c) Start-up India Mission
d) Nari Shakti Scheme
Answer: b) Swavalambini Women Entrepreneurship Program
What is the main objective of the Mutual Credit Guarantee Scheme for MSMEs?
a) Provide subsidies to large businesses
b) Facilitate loans up to ₹100 crore without collateral
c) Reduce taxation for MSMEs
d) Fund only government MSMEs
Answer: b) Facilitate loans up to ₹100 crore without collateral
Which organization signed an agreement with DPIIT to boost India’s startup ecosystem?
a) Paytm
b) NITI Aayog
c) State Bank of India
d) SEBI
Answer: b) NITI Aayog
What was the major initiative introduced for micro-enterprises in the 2025 Union Budget?
a) MSME Credit Guarantee Expansion
b) Udyam Credit Card Scheme
c) MSME Loan Waiver
d) Small Business Tax Reduction
Answer: b) Udyam Credit Card Scheme
What was the key feature of the MCA21 digital transformation in 2025?
a) Enhanced physical paperwork
b) Introduction of AI-driven compliance tracking
c) Reduction of company registrations
d) Increased taxation on corporations
Answer: b) Introduction of AI-driven compliance tracking
Which labor-intensive sector received special focus in the Union Budget 2025-26?
a) IT Services
b) Footwear and Leather
c) Mining and Minerals
d) Agriculture Machinery
Answer: b) Footwear and Leather
Which of the following MSME initiatives focuses on helping traditional artisans?
a) Start-Up India
b) SFURTI Scheme
c) PM Kisan Scheme
d) Digital India Program
Answer: b) SFURTI Scheme
Which scheme was introduced in the Union Budget 2025 to boost toy manufacturing in India?
a) Atmanirbhar Toy Mission
b) Toy Export Promotion Scheme
c) National Toy Industry Development Program
d) No specific scheme was announced
Answer: d) No specific scheme was announced

ICSI June Handwritten Notes, Scanner, Case Studies, Chartbook and many more - Click here

ICSI Dec 2025: Notes for CS Executive and CS Professional: Handwritten Notes - Click Here

Section 5: Economic & Business Environment (10 Questions)

Which of the following is a key contributor to India’s GDP growth in 2025?
a) Large-scale public sector investments
b) Reduction in MSME funding
c) Increasing import reliance
d) Decline in employment rates
Answer: a) Large-scale public sector investments
What percentage of India's total exports was contributed by MSMEs in 2023-24?
a) 25.5%
b) 35.8%
c) 45.73%
d) 60.1%
Answer: c) 45.73%
What does ‘primary deficit’ refer to in economic terms?
a) Total government expenditure
b) Difference between revenue and expenses excluding interest payments
c) Inflation rate minus growth rate
d) Total deficit including interest payments
Answer: b) Difference between revenue and expenses excluding interest payments
What is the purpose of the Udyam Registration Portal?
a) To provide micro-enterprises with tax benefits
b) To track financial transactions of businesses
c) To simplify MSME registration and formalization
d) To collect MSME data for taxation
Answer: c) To simplify MSME registration and formalization
Which is NOT a component of the Union Budget?
a) Revenue Budget
b) Capital Budget
c) Fiscal Policy Statement
d) Monetary Policy Review
Answer: d) Monetary Policy Review
Which sector in India has seen the highest employment growth due to MSMEs?
a) IT and Software Services
b) Manufacturing and Exports
c) Real Estate Development
d) Banking and Finance
Answer: b) Manufacturing and Exports
What is the significance of SFURTI in the MSME sector?
a) Supports large-scale manufacturing
b) Encourages traditional artisan clusters
c) Provides direct cash subsidies
d) Regulates MSME tax policies
Answer: b) Encourages traditional artisan clusters
Which Indian government initiative supports new MSME entrepreneurs with collateral-free loans?
a) Stand-Up India Scheme
b) PM Kisan Yojana
c) Startup India Mission
d) Ayushman Bharat Scheme
Answer: a) Stand-Up India Scheme
The term ‘Make in India’ is primarily focused on:
a) Importing raw materials
b) Increasing foreign investment in Indian startups
c) Strengthening domestic manufacturing and exports
d) Expanding multinational corporations
Answer: c) Strengthening domestic manufacturing and exports
Which financial assistance scheme is specifically targeted at first-time women entrepreneurs?
a) Women Udyami Scheme
b) Swavalambini Women Entrepreneurship Program
c) MSME Credit Expansion
d) Digital India Women Fund
Answer: b) Swavalambini Women Entrepreneurship Program

Section 6: Logical Reasoning (5 Questions)

If 5 pencils cost ₹10, what is the cost of 15 pencils?
a) ₹20
b) ₹25
c) ₹30
d) ₹35
Answer: c) ₹30
Arrange the following in increasing order of size:
Byte, 2. Megabyte, 3. Kilobyte, 4. Terabyte, 5. Gigabyte
a) 1,3,2,5,4
b) 1,2,3,5,4
c) 1,3,2,4,5
d) 1,3,5,2,4
Answer: a) 1,3,2,5,4
If A is the mother of B, and B is the father of C, what is the relation between A and C?
a) Grandmother
b) Aunt
c) Mother
d) Sister
Answer: a) Grandmother
Which number is missing? 2, 6, 12, 20, __, 42
a) 24
b) 30
c) 32
d) 36
Answer: c) 32
What is 20% of 250?
a) 25
b) 50
c) 40
d) 45
Answer: b) 50

ICSI LIVE UPDATE

Search This Blog