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GS Paper IUPSC Prelims 2024
Industry & Infrastructure
Question No. 68Interactive Test Mode
00:00
+2-0.66

Q68. With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements: 1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities. 2. CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct?

With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements:

  1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities.
  2. CSR rules do not specify minimum spending on CSR activities.

Which of the statements given above is/are correct?

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2024 • Indian Economy

Correct Answer: Option (A) — 1 only

Concept & Option Breakdown

Standard Reference Verified
  • Statement 1 is correct: Under the Companies (CSR Policy) Rules, 2014 and Companies Act, 2013, activities undertaken in normal course of business or benefiting solely the company's employees or their families are explicitly excluded from qualifying as CSR.
  • Statement 2 is incorrect: Section 135 of the Companies Act mandates eligible companies to spend at least 2% of their average net profits made during the 3 immediately preceding financial years on CSR.
Elimination Heuristic & Exam Approach

Mandatory CSR in India is famous for the '2% spending mandate'. Therefore, statement 2 asserting 'no minimum spending is specified' is factually incorrect.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2024 (Q68)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Industry & Infrastructure
Official Answer KeyOption (A) — 1 only

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Frequently Asked Questions — UPSC Prelims 2024 Q68

What is the official answer for UPSC Prelims 2024 GS Paper I Question 68 (Indian Economy)?

The official UPSC answer key for this 2024 Indian Economy (Industry & Infrastructure) question is Option (A): "1 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2024 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Industry & Infrastructure". You can explore all repeated questions from Industry & Infrastructure in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Industry & Infrastructure UPSC Prelims question using option elimination?

Mandatory CSR in India is famous for the '2% spending mandate'. Therefore, statement 2 asserting 'no minimum spending is specified' is factually incorrect.

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