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)
With reference to Corporate Social Responsibility (CSR), which of the statements is/are correct?
1. Companies Act 2013, introduces mandatory CSR.
2. Under Section 135, every company having a net worth of at least Rs 500 crore, turnover of Rs. 1,000 crore or more, or a minimum net profit of Rs. 5 crore during the immediately preceding financial year has to make CSR expenditure.
3. Companies covered under this will have to spend at least one percent of their annual net profit in the activities under CSR.
Select the correct answer using the codes given below:
1
1 only
2
2 only
3
1 and 2 only
4
1, 2 and 3