Social Responsibilities of Business and Business Ethics
Uttarakhand Board · Class 11 · Business Studies
Most important questions from Social Responsibilities of Business and Business Ethics for Uttarakhand Board Class 11 Business Studies board exam 2026. MCQs, short answer, and long answer questions with marks.
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Sample Questions
What is the primary purpose of business ethics?
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To govern the relationship between business objectives and societal good
Business ethics concerns itself with ensuring business practices serve the broader interests of society.
Which Indian law governs the concept of Corporate Social Responsibility?
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Companies Act, 2013
Clause 135 of the Companies Act, 2013 specifically governs CSR in India.
What percentage of average net profit are companies encouraged to spend on CSR activities?
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2%
The Companies Act encourages companies to spend 2% of their average net profit in the previous three years on CSR activities.
Which of the following is NOT a universal virtue of ethics mentioned in the chapter?
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Maximize profits
The universal virtues listed do not include maximizing profits, but focus on ethical behaviors like trustworthiness, respect, and fairness.
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