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Question

Which among the following are also called Corporate Social Responsibility ?

(a) Corporate Conscience

(b) Corporate Citizenship

(c) Responsible Business

Code :

This question was previously asked in
UGC NET 2017 Paper 3 Geography Question Paper (05-Nov-2017)
The correct answer is

(a), (b) and (c)

 Option 2 — (a), (b) and (c) is correct.

Corporate Social Responsibility (CSR) is the self-regulating framework through which a business integrates ethical, social and environmental concerns into its operations and its dealings with stakeholders. Because the concept has evolved through many schools of thought, it is known by several interchangeable names in management literature.

Alternate termWhat it emphasises
Corporate ConscienceThe moral/ethical self-regulation of the firm
Corporate CitizenshipThe firm behaving as a responsible “citizen” of society
Responsible BusinessConducting operations in a socially and environmentally responsible way

All three — corporate conscience, corporate citizenship and responsible business — are recognised synonyms for CSR, so every listed item qualifies. Hence the complete set (a), (b) and (c) is the answer.

Why the other options are wrong: Options 1, 3 and 4 each drop one valid synonym and are therefore incomplete.

Takeaway: CSR is variously called corporate conscience, corporate citizenship and responsible business — all three are correct.

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Similar Questions

  1. Assertion (A) : Bad corporate governance can cast doubt on a company's reliability.

    Reasoning (R) : Companies that do not cooperate sufficiently with auditors can publish non-compliant financial results.

    Code :

  2. Which one among the following is not a part of Corporate Social Initiatives ?

  3. Which of the following is/are the component(s) of Ethics by field of interest ?

  4. What is the right sequence of four psychological sub-processes in ethical action given by James Rest ?

  5. CSR is important because :

  6. Assertion (A) : Corporate behaviour towards stakeholders is an important concept in practice and a central part of corporate Governance.

    Reason (R) : It has to be ethical, legal and responsible behaviour for organisation, stakeholders and society.

    Code :

  7. Which one of the following is not a principle of corporate Governance ?

  8. Match the items given in the List - I and List - II and suggest the correct code :

    List - IList - II
    (a) Ethics(i) Right code of behaviour for a group or profession
    (b) Morality(ii) Prescribes right conduct for everyone
    (c) Moral standard(iii) Needs some inclination to follow morality
    (d) Meta Moral Standard(iv) Practical and pragmatic

    Code :

  9. Assertion (A) : When a corporation acts ethically and socially responsible in its business decisions and strategic planning, then the corporation will be more sustainable.

    Reason (R) : Socially responsible corporate behaviour is increasingly seen as essential to long-term survival of companies.

  10. Statement-I: Ethical principles tend to be broader than legal principles.

    Statement-II: Laws and ethics are closely related.

    Codes:


Important Questions from Corporate governance and business ethics

  1. Corporations are controlled and directed by which one of the following?

  2. Which among the following is not a correct statement with regard to Corporate Governance in India ?

  3. As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.

    A. Board of Directors

    B. Managers

    C. Shareholders

    D. Employees (Company)

    E. Trade unions

    Choose the correct  sequence from the options given below

  4. Assertion (A) : Corporate governance is an important instrument of investor protection.

    Reason (R) :  Strong corporate governance is indispensable to resilient and vibrant capital markets.

    Which one of the following options is correct?

  5. Which one of the following is not a norm of corporate governance ?

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