Prelims Power Play 14 February 2022

1. Consider the following regarding corporate social responsibility (CSR) 

1. India became the first country to have statutorily mandated CSR for all companies.
2. All companies are mandated to spend at least 5% of the net profit on CSR activities.
3. Companies Act 2013 enumerates the activities that can be undertaken and the manner in which the companies can undertake CSR projects / programmes.

Which of the above statements is /are correct? Select the correct answer using the code below:

2. Government of India is considering implementation of Scientific Social Responsibility (SSR) on the same lines of Corporate Social Responsibility (CSR), in this regard consider the following statements?

1. While corporate social Responsibility is Mandatory but scientific social responsibility is not.
2. In Corporate social Responsibility all types of projects are allowed but in scientific social responsibility only science based projects are allowed.
3. In Corporate social responsibility it is large companies that need to spend 2 percent of profit of previous 3 years, but in scientific social responsibility it is only 1 percent of the previous year.

Select the correct answer using the code given below:

3. Standby Credit Facility (SCF)  and Extended Credit Facility (ECF) is a funding mechanism of which organization

4. Which of the following are the Direct taxes in India?

1. Security Transaction Tax
2. Capital Gains Tax
3. Customs duty
4. Profession tax

Select the correct answers using the code given below.

5. Which of the following is the highest source of greenhouse gas emissions in the agriculture sector in India?