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State the meaning of Corporate Social Responsibility as per the Companies Act 2013. - Business Studies

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प्रश्न

State the meaning of Corporate Social Responsibility as per the Companies Act 2013.

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उत्तर

Corporate social responsibility in general refers to the responsibilities and duties of the businesses towards the society. The Corporate Social Responsibility in India as governed by the Companies Act, 2013 (under Clause 135) applies to those companies which have an annual turnover of Rs. 1,000 crore and more, or those having a net worth of Rs. 500 crore and more, or a net profit of Rs. 5 crore and more. The meaning of CSR as per Companies Act, 2013 can be understood with the help of the activities that can be undertaken by the companies as per the Schedule under the Companies Act which include eradicating extreme hunger and poverty, promoting gender inequality and empowering women, ensuring environmental sustainability, etc.

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अध्याय 6: Social Responsibilities of Business and Business Ethics - Short Answer Questions [पृष्ठ १५९]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 6 Social Responsibilities of Business and Business Ethics
Short Answer Questions | Q 6 | पृष्ठ १५९

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संबंधित प्रश्न

Any ‘five cases’ (needs) of social responsibilities of business.


Commercial organisations have different types of social responsibilities.


Choose the correct option for the following:
Social responsibility is


Choose the correct option for the following:
If business is to operate in a society which is full of diverse and complicated problems, it may have


What are the major areas of social responsibility of business?


Build up argument for and against social responsibilities.


Give one word/phrase/term for the following sentence.

Name the philosophy related to social responsibility propounded by Mahatma Gandhi.


Businessmen are trustees of society.


Select the correct option.

(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)

Group A Group B
1) After-sales service ____________
2) Timely payment of proper taxes ____________
3) ____________ Protest Anti Social Activities
4) _____________ Fair practices on the stock exchange

Explain the following term/concept.

Concept of Trusteeship


Study the following case/situation and express your opinion.

A vehicle manufacturing company has adopted the following practices.

  1. Only those components will be used by the company which is environment friendly.
  2. There will be a discharge of harmful wastes only after their proper treatment.
  3. The pollution level of every vehicle will be maintained as per international standards.
  1. by doing this, the business organisation follows social responsibility towards which interest group?
  2. What kind of pollution do they want to avoid?
  3. What kind of message do they want to convey?

Justify the following statement.

The role of media has a major influence on business organizations.


What is the social responsibility of commercial organizations? towards consumers?


Choose the Correct Answer.

Which type of Responsibility gives the benefit to the Society out of its profits earned?


Choose the Correct Answer.

Socially Responsible business provides goods at ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


Define the Concept of Social Responsibility?


Explain in detail the concept and need for Social Responsibility?


Discuss the different groups that benefited from the Social Responsibility of business?


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