MCQ Questions for Class 11 Business Studies: Ch 6 Social Responsibilities of Business and Business Ethics

MCQ Questions for Class 11 Business Studies: Ch 6 Social Responsibilities of Business and Business Ethics

1. ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada
► (a) USA

2. Running of factories and vehicles cause _________
(a) Land pollution
(b) Water Pollution
(c) Noise Pollution
(d) None of the above
► (c) Noise Pollution

3. Why business ethics are important?
(a) It formulates the firm’s image and builds the brand
(b) It influences the buying decision of the customers
(c) Build confidence within employees
(d) All of the above
► (d) All of the above

4. The main cause of water pollution is ______
(a) Waste dumping
(b) Industrial waste
(c) Chemical
(d) All of the above
► (d) All of the above

5. Respecting the religious sentiments and dignity of people while advertising for a product is ______
(a) Economic responsibility
(b) Legal responsibility
(c) Ethical responsibility
(d) None of the above
► (c) Ethical responsibility

6. Ethics is important for
(a) Non-managerial employees
(b) Middle-level managers
(c) Top management
(d) All of the above
► (d) All of the above

6. Business people have the skill to involve
(a) Some social problems,
(b) All economic problems.
(c) No social problems
(d) All social problems
► (a) Some social problems,

7. Carbon monoxide emitted by automobiles directly contributes to
(a) Air pollution
(b) Noise pollution
(c) Water Pollution
(d) Land pollution
► (a) Air pollution

8. Equity shareholders are called 
(a) Owners of the company
(b) Partners of the company
(c) Guardian of the company
(d) Executives of the company
► (a) Owners of the company

9. The word 'Ethics' has its origin in the ______
(a) Greek Word
(b) British Word
(c) Indian Word
(d) Latin Word
► (a) Greek Word

10. Need for social responsibility arises due to the ______
(a) Firm's interest
(b) Interest of society
(c) Both firm's and society interest
(d) None of the above
► (c) Both firm's and society interest

11. Social responsibility is
(a) Broader than legal responsibility
(b) Same as legal responsibility
(c) Narrower than legal responsibility
(d) None of the above
► (a) Broader than legal responsibility

12. Which one of the following statement is TRUE about Public deposits?
(a) Public deposit cannot exceed 25% of share capital and reserves
(b) Rate of interest offered on public deposits is lower than the rate of interest on bank deposits
(c) Public deposit are issued for a period of 6 months to 5 years
(d) It is one of the reliable sources of finance
► (a) Public deposit cannot exceed 25% of share capital and reserves

13. Equity share capital represents ______of the company.
(a) Permanent capital
(b) Fixed capital
(c) Working capital
(d) Fluctuating capital
► (a) Permanent capital

14. Funds required for purchasing current assets are known as
(a) Working capital
(b) Fixed capital
(c) Lease financing
(d) Retained earnings
► (a) Working capital

15. It includes the behavior of the firm expected by the society but not codified by law. Identify the category of social responsibility referred here.
(a) Economic Responsibility
(b) Ethical Responsibility
(c) Legal Responsibility
(d) All of the above
► (b) Ethical Responsibility

16. Which of the following institution provides financial assistance towards balanced regional development and development of management education in the country?
(a) Industrial development Bank of India (IDBI)
(b) Industrial finance Corporation of India (IFCI)
(c) Life insurance Corporation of India (LIC)
(d) Industrial Credit and Investment Corporation of India (ICICI)
► (a) Industrial development Bank of India (IDBI)

17. Business people have the skills to solve
(a) All social problems
(b) All economic problems
(c) No social problems
(d) Some social problems
► (d) Some social problems

18. _______ damages the quality of land making it unfit for agriculture or plantation.
(a) Land Pollution
(b) Air Pollution
(c) Noise Pollution
(d) Water Pollution
► (a) Land Pollution

19. Every business has a responsibility to operate within the laws of the land as per the ______
(a) Legal responsibility
(b) Financial responsibility
(c) Economic responsibility
(d) None of the above
► (a) Legal responsibility

20. Which of the following can explain the need for pollution control?
(a) Cost savings
(b) Reduction of health hazards
(c) Reduced risk of liability
(d) All of the above
► (d) All of the above

21. Social responsibility is
(a) Broader than legal responsibility
(b) Same as legal responsibility
(c) Narrower than legal responsibility
(d) None of the above
► (a) Broader than legal responsibility

22. ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada
► (a) USA

23. Responsibility towards the government is _________
(a) Safety of investments provided by shareholders
(b) Pay taxes regularly and honestly
(c) Supply of goods at a reasonable price to consumers
(d) None of the above
► (b) Pay taxes regularly and honestly

24. A business enterprise has the responsibility to provide a fair return to the ______
(a) Shareholders
(b) Customers
(c) State Government
(d) None of the above
► (a) Shareholders

25. Providing charitable contributions to educational institutions is ________
(a) Legal responsibility
(b) Economic responsibility
(c) Discretionary responsibility
(d) None of the above
► (c) Discretionary responsibility
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