OC 6.2

Is there a specific punishment for just failing to perform CSR activities?

• Yes, imprisonment only

• Yes, a fine of ₹50,000

• No, unless there is non-disclosure in the Board’s Report

• Yes, cancellation of license

What is the penalty range for non-disclosure of CSR information in the Board’s Report?

• ₹5,000 to ₹50,000

• ₹10,000 to ₹1,00,000

• ₹50,000 to ₹25,00,000

• ₹1,00,000 to ₹50,00,000

What is the minimum CSR spending requirement for eligible companies under the Companies Act,2013

• 1% of current year profit

• 2% of average net profits of the last 3 financial years

• 3% of turnover of last financial year

• 5% of gross revenue of last 3 years

CSR committee will include ____ directors

• 1

• 2

• 3

• 4

CSR committee will meet

• Once a year

• Twice a year

• Thrice a year

• Never

CSR provisions are applicable to companies that meet which of the following thresholds in the preceding financial year?

• Net worth of ₹500 crore or more

• Turnover of ₹1000 crore or more

• Net profit of ₹5 crore or more

• Any of the above

Which statement is true about the difference between moral and social values?

• Moral values are based on law, while social values are not

• Moral values are based on perception of right or wrong, while social values may also include what is socially acceptable

• Social values are always religious

• Moral values change daily, social values never change

Which of the following is an example of a moral value?

• Equality

• Patriotism

• Hard work

• Not lying because it is wrong

What do the 4 R’s stand for in environmental conservation?

• Reduce, Reuse, Recycle, Recover

• Reduce, Replace, Rebuild, Reuse

• Recycle, Reboot, Restore, Reuse

• Reduce, Reuse, Replant, Rebuild

What does the Greek word ‘Ethos’ mean?

• Law

• Justice

• Character

• Behavior