MCQs · Q2
Q.Under Section 135 of the Companies Act, 2013, a qualifying company must spend, every financial year, at least what percentage of its average net profit of the preceding three years on CSR activities?
(a) 1%
(b) 2%
(c) 5%
(d) 10%
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Start your 14-day free trial to unlock the full solution →Section 135 of the Companies Act, 2013 fixes a specific statutory minimum for CSR spending, and this question is testing recall of that exact figure.
Options (a) 1%, (c) 5% and (d) 10% are all incorrect because none of them is the figure actually prescribed by the Act — a lower or higher number is easy to mistakenly recall, but the law is precise about the minimum required. …
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