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Social Responsibilities of Business and Business Ethics

Madhya Pradesh Board · Class 11 · Business Studies

Step-by-step guide to study Social Responsibilities of Business and Business Ethics in Madhya Pradesh Board Class 11 Business Studies. Topics to cover, practice strategy, and time allocation.

114 questions68 flashcards5 concepts

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Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas, and key concepts.

2
Day 3

Practice Problems

Solve textbook exercises and additional practice questions. There are 114 questions available for this chapter.

3
Day 4

Revise & Test

Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding. Mark weak areas for re-revision.

4
Day 7

Spaced Revision

Revisit Social Responsibilities of Business and Business Ethics after a week. Use flashcards for quick recall. Solve previous year questions from this chapter.

What to Focus On

  • Social responsibility means acting in ways that match social values and objectives.
  • It is broader than legal responsibility.
  • It includes voluntary actions that benefit society.

  • Business affects many sections of society.
  • Social responsibility is an ethical issue.
  • Business has both economic and social roles.

  • CSR in India is governed by Clause 135 of the Companies Act, 2013.
  • Applicability is based on turnover, net worth, or net profit.
  • The conditions are OR conditions, not AND conditions.

Common Mistakes to Avoid

Social responsibility and legal responsibility mean the same thing.

CSR is the same as general social responsibility of business.

A company must satisfy all three CSR thresholds together to become eligible.

Memory Tips

Core meaning of social responsibility

Social responsibility is broader than legal responsibility

Four kinds of social responsibility

Economic responsibility has little discretion

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Frequently Asked Questions

What are the important topics in Social Responsibilities of Business and Business Ethics for Madhya Pradesh Board Class 11 Business Studies?
Social Responsibilities of Business and Business Ethics covers several key topics that are frequently asked in Madhya Pradesh Board Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Social Responsibilities of Business and Business Ethics — Madhya Pradesh Board Class 11 Business Studies?
Understand the core concepts first, then work through the 114 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Social Responsibilities of Business and Business Ethics

All 11 chapters — Madhya Pradesh Board Class 11 Business Studies Study Plan

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