December 2014 - Paper 2

46:  

In view of competitive global economy, corporations are involved in cost cutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out sllccessfully only if there is proper

A.

Business Ethics

B.

Ethical Audit

C.

Corporate Social Responsibility

D.

Corporate Governance

 
 

Option: D

Explanation :

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47:  
Statement (A) Law and moral standards overlap to a certain extent.
Statement (B) Law represents a minimum set of standards for regulating human behaviour in society.
A.

(A) and (B) both are incorrect.

B.

(A) is correct but (B) is not the right explanation of (A).

C.

(A) is correct and (B) is the right explanation of (A).

D.

(A) is incorrect and (B) is a correct statement in isolation.

 
 

Option: C

Explanation :

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48:  
In order to check the growing unethical practices in the field of information technology, the first cyber law passed in India is
A.

Information Technology Act

B.

Anti-hacking Law

C.

Cyber Law

D.

E-commerce Law

 
 

Option: A

Explanation :

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49:  

Match the items of two lists indicating the correct code :

               List - I

        List - II

a.  Transparency

i. All stakeholder groups have the opportunity to maintain or improve their well being.

b.  Equity

ii. The State of being answerable for decisions and activities to all stakeholders.

c.  Sustainability 

iii. Information freely available and directly accessible to interested parties.

d.  Accountability

iv.  The effect which action taken in the present has upon the options available in the future

 

A.

a  b   c   d

iii  i   iv   ii

B.

a  b   c   d

 i  ii   iii   iv

C.

a  b   c   d

 ii  iii   i   iv

D.

a  b   c   d

iii  i   ii   iv

 
 

Option: A

Explanation :

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50:  

Which of the following is not a principle of CSR ?

A.

Protecting Environment

B.

Avoiding price discrimination

C.

Promotional activities

D.

Adopting the labour policies

 
 

Option: B

Explanation :

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