CSR QUIZ FOR TT38

Which clause of Companies Act, 2013 makes CSR mandatory?

• a. 15

• b. 135

• c. 153

• d. 13

True or False:

Archie Carroll believed the objective of a business cannot be only profit maximization, unlike Milton Friedman whose principle is that profits are the only objective of a company.

• a. True

• b. False

Name the major tech company that announced in February 2022 that it will become carbon negative by 2030 and will invest $4.7 billion in renewable energy projects.

Which of the following statements about CSR expenditure are correct?

I. The Board of the Company shall ensure that the company spends, in every financial year, at least 2% of the average net profits of the Company made during the 3 immediately preceding financial year or where the company has not completed the period of 3 Financial Year since its incorporation, during such immediately preceding financial years, in pursuance of its CSR Policy.

II.  Administrative overheads shall not exceed five percent of total CSR expenditure.

• a. Only I

• b. Only II

• c. Both I & II

• d. None

Triple Bottom Line consist of:

• a.

  Profit

  Planet

  Production

• b.

  Production

  Profit

  People

• c.

  People

  Planet

  Profit

• d.

  Profit

  Production

  People

Identify me:

 

We are an American multinational fast food chain, founded in 1940 and headquartered in Chicago, Illinois, US.

We are planning to phase out plastic toys in our children’s meals by 2025 as part of our sustainability efforts.

• a. McDonald's

• b. Starbucks

• c. Burger King

• d. Subway

7. Which of the following is not an SDG goal?

• a. Quality Education

• b. Zero Hunger

• c. Reduce Child Mortality

• d. Partnerships for the goals

All definitions of corporate social responsibility recognize that:

• a. Companies are responsible for the impact the have on society and environment.

• b. The natural environment should be the main focus of the CSR Activities. 

• c. Business ethics are a complex issue.

• d. Companies should pay equal attention to business ethics and sustainability.

Which Indian CSR model is put forward by Jawaharlal Nehru?

• a. Liberal

• b. Statist

• c. Stakeholder

• d. Ethical

Which of the following activities qualify as CSR expenditure in India?

I. Activities undertaken in pursuance of normal business of the company

II. Sponsorship activities for deriving marketing benefits for products/ services

III. Activities for statutory obligations under any law in force in India

IV.  Activities benefiting employees of the company as defined in section 2(k) of the Code on Wages, 2019

• a. Only I

• b. I & III only

• c. All of the above

• d. None of the above