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Consider the following statements regarding CSR in India:

  1. CSR is legally mandated under the Companies Act, 2013 (Clause 135).

  2. Companies must spend at least 5% of their average net profit of the past three years on CSR.

  3. Activities exclusively benefiting company employees are not valid CSR initiatives.

A1 and 2 only

B1, 2 and 3

C2 and 3 only

D1 and 3 only

Answer:

D. 1 and 3 only

Read Explanation:

  • The law mandates 2% spending of average profits on CSR, not 5%. Company-exclusive activities are excluded.


Related Questions:

About Kerala's ICT focus in recent decades:

  1. State investments have emphasized e-governance and IT for development.

  2. No investments have been made in physical or information infrastructure.

  3. The service sector, especially e-governance, is an immediate major growth area.

Which statements are correct?

Assertion (A): The organizational environment consists of both internal and external factors that influence a company’s operations.
Reason (R): Internal factors include company policies, management style, and resources, while external factors include customers, suppliers, competitors, and legal trends.

Assertion (A): The business environment is dynamic and requires constant analysis and adaptation by companies.
Reason (R): Technological changes, shifting consumer trends, and regulatory developments all contribute to environmental dynamism.

Which of the following national-level institutions is located in Kerala?
The Kerala State Literacy Mission Authority (KSLMA) is initiating literacy programmes to spread social awareness. Which of the following is not explicitly mentioned as a key focus area of KSLMA's social literacy programmes besides letters and numerical literacy?