Question
As per the provisions for CSR given under Companies Act 2013, how much has to be spent on CSR by eligible entities?
Refer to the following information to answer the next 4 questions (Q 11 to Q 14) The Companies Act 2013 had introduced several new provisions which changed the face of Indian corporate business. One of such new provisions was the Corporate Social Responsibility (CSR). The concept of CSR rests on the ideology of give and take. Companies take resources in the form of raw materials, human resources etc. from the society. By performing the task of CSR activities, the companies are giving something back to the society. CSR is the integration of socially beneficial programs and practices into a corporation's business model and culture. India is one of the first countries in the world to make CSR mandatory for companies following an amendment to the Companies Act, 2013 in 2014. Under the Companies Act, businesses can invest their profits in areas such as promoting rural development in terms of healthcare, sanitation, education including skill development, environmental sustainability, etc.
More Banking System in India Questions
- Which of the following is not considered a part of priority sector lending (PSL) by RBI?
- Which method is a common accounting method of depreciation wherein an asset’s value depreciates at twice the rate it would under straight-line depreciation...
- The theory dealing with fiscal ______ is where the federal is trying to align government expenditure with government revenue.
- What was the role of private sector banks (PvSBs) in the implementation of the Lead Bank Scheme, as advised by the RBI?
- Which of the following completes the loop of this process?
- In which state is the Insurance Regulatory and Development Authority of India (IRDAI) headquartered?
- GFCs are hubs for innovation in finance, technology, and business. They attract top talent, encourage entrepreneurship, and foster collaboration among indu...
- The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchange ...
- Which among the following can result into the difference in the cash and the pass book balance:
- In preparing performance appraisals, the sales manager ranked Aniket as the overall best salesperson because he had the highest level of sales, and Amit as...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)