Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Socio-cultural factors and their influence on business Corporate Social Responsibility (CSR)
Which of the following statements about CSR provision in the new companies Bill passed in Parliament is not true ?
1
There is provision for minimum turnover of Rs. 800 crore
2
It is compulsory for a company to spend on CSR if its net worth is at least Rs. 500 crore
3
The net profit of at least Rs. 5 crore in a year is a condition for compulsory spending on CSR
4
The companies have to spend 2% of its average profits of three years on corporate social responsibility