Commerce · Class 11 Commerce
Ch 17Social Responsibility of Business — Class 11 Commerce, concept-first.
A business does not operate in isolation — it draws resources (capital, labour, raw material, land) from society and, in turn, affects society through the goods and services it produces, the jobs it creates, and the wider environmental and social consequences of its activities.
Key concepts
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Concept of Social Responsibility
**Social responsibility** is a business's obligation to take decisions and perform actions that are *desirable in terms of the objectives and values of society* — not just to chase the maximum possible profit for its own…
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Concept and Meaning of Social Responsibility of Business
A business does not operate in isolation — it draws resources (capital, labour, raw material, land) from society and, in turn, affects society through the goods and services it produces, the jobs it c…
Arguments For and Against Social Responsibility
Arguments in favour of business accepting social responsibility:
Responsibility of Business towards Different Interest Groups
A business's social responsibility is best understood concretely, in terms of its obligations towards each of the different groups whose interests it affects:
Business and Protection of the Environment
One of the most significant dimensions of a business's social responsibility today is its obligation towards protecting the natural environment.
Corporate Social Responsibility (CSR) under the Companies Act, 2013
India is among the first countries in the world to make corporate social responsibility a statutory obligation, through Section 135 of the Companies Act, 2013 (read with the Companies (Corporate Socia…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1Social responsibility towards suppliers represents the following except : (a) Dealing on fair term and conditions (b) Availing reasonable cr…Preview
- Q2List the kinds of social responsibility.Preview
- Q3(a) What are the arguments against Social Responsibility ? OR (b) Elucidate the features of factoring.Preview
- Q4List out any three kinds of social responsibilities.Preview
- Q5Socially responsible business provides goods at ...... (a) high price (b) low price (c) reasonable price (d) moderate pricePreview
- Q6Define the concept of social responsibility?Preview
More questions
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- Q1Voluntary activities a business undertakes to improve the quality of life in the community, going beyond what law or ethics strictly demand,…Free
- Q2Under Section 135 of the Companies Act, 2013, a qualifying company must spend, every financial year, at least what percentage of its average…Preview
- Q3Which of the following is an argument commonly made AGAINST business accepting social responsibility? (a) It builds long-run goodwill (b) It…Preview
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- Q4Define social responsibility of business.Free
- Q5State any four responsibilities of business towards its employees.Free
- Q6State the net-worth, turnover and net-profit thresholds that make Section 135 CSR provisions applicable to a company.Preview
- Q7State any four activities that qualify as CSR under Schedule VII of the Companies Act, 2013.Preview