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Class 11 Business Studies: Social Responsibilities of Business and Business Ethics — Chapter Test 1

Class 11 • Business Studies • Social Responsibilities of Business and Business Ethics • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Social responsibility of business means:
A
only earning profit
B
obligation to act in ways desirable to society
C
avoiding taxes
D
ignoring employees
View Correct Answer & Step-by-Step Solution
Correct Option:(B)obligation to act in ways desirable to society

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
Under the Companies Act, 2013, CSR spending is mandatory for companies meeting certain thresholds, at least:
A
1% of average net profit
B
2% of average net profit of the preceding three years
C
5% of sales
D
10% of capital
View Correct Answer & Step-by-Step Solution
Correct Option:(B)2% of average net profit of the preceding three years

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Business ethics refers to:
A
legal rules only
B
moral principles guiding business behaviour
C
tax laws
D
accounting standards
View Correct Answer & Step-by-Step Solution
Correct Option:(B)moral principles guiding business behaviour

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
Which is a responsibility towards consumers?
A
hoarding
B
supplying quality goods at fair prices
C
misleading ads
D
adulteration
View Correct Answer & Step-by-Step Solution
Correct Option:(B)supplying quality goods at fair prices

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Which is a responsibility towards employees?
A
low wages
B
fair wages and safe working conditions
C
long hours without pay
D
no leave
View Correct Answer & Step-by-Step Solution
Correct Option:(B)fair wages and safe working conditions

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Business Studies: Social Responsibilities of Business and Business Ethics — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Social Responsibilities of Business and Business Ethics" of Class 11 Business Studies. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.