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Social Responsibilities of Business and Business Ethics Class 11 MCQs Questions with Answers
Question 1.
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
Answer
Answer: (b) Pay taxes regularly and honestly
Question 2.
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
Answer
Answer: (a) Shareholders
Question 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
Answer
Answer: (d) All of the above
Question 4.
Ethics is important for
(a) Non-managerial employees
(b) Middle-level managers
(c) Top management
(d) All of the above
Answer
Answer: (d) All of the above
Question 5.
Business people have the skill to involve
(a) Some social problems
(b) All economic problems
(c) No social problems
(d) All social problems
Answer
Answer: (a) Some social problems
Question 6.
The word ‘Ethics’ has its origin in the ______
(a) Greek Word
(b) British Word
(c) Indian Word
(d) Latin Word
Answer
Answer: (a) Greek Word
Question 7.
The 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
Answer
Answer: (c) Both firm’s and society interest
Question 8.
Social responsibility is
(a) Broader than legal responsibility
(b) Same as a legal responsibility
(c) Narrower than legal responsibility
(d) None of the above
Answer
Answer: (a) Broader than legal responsibility
Question 9.
ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada
Answer
Answer: (a) USA
Question 10.
Running of factories and vehicles cause _________
(a) Land pollution
(b) Water Pollution
(c) Noise Pollution
(d) None of the above
Answer
Answer: (c) Noise Pollution
Question 11.
Funds required for purchasing current assets are known as
(a) Working capital
(b) Fixed capital
(c) Lease financing
(d) Retained earnings
Answer
Answer: (a) Working capital
Question 12.
It includes the behavior of the firm expected by the society but not codified by law. Identify the category of social responsibility referred to here.
(a) Economic Responsibility
(b) Ethical Responsibility
(c) Legal Responsibility
(d) All of the above
Answer
Answer: (b) Ethical Responsibility
Question 13.
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)
Answer
Answer: (a) Industrial development bank of India (IDBI)
Question 14.
Providing charitable contributions to educational institutions is ________
(a) Legal responsibility
(b) Economic responsibility
(c) Discretionary responsibility
(d) None of the above
Answer
Answer: (c) Discretionary responsibility
Question 15.
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
Answer
Answer: (a) Legal responsibility
Question 16.
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
Answer
Answer: (d) All of the above
Question 17.
Social responsibility is
(a) Broader than legal responsibility
(b) Same as a legal responsibility
(c) Narrower than legal responsibility
(d) None of the above
Answer
Answer: (a) Broader than legal responsibility
Question 18.
ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada
Answer
Answer: (a) USA
Question 19.
The main cause of water pollution is ______
(a) Waste dumping
(b) Industrial waste
(c) Chemical
(d) All of the above
Answer
Answer: (d) All of the above
Question 20.
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
Answer
Answer: (c) Ethical responsibility
Question 21.
Business people have the skills to solve
(a) All social problems
(b) All economic problems
(c) No social problems
(d) Some social problems
Answer
Answer: (d) Some social problems
Question 22.
_______ damages the quality of land making it unfit for agriculture or plantation.
(a) Land Pollution
(b) Air Pollution
(c) Noise Pollution
(d) Water Pollution
Answer
Answer: (a) Land Pollution
Question 23.
Carbon monoxide emitted by automobiles directly contributes to
(a) Air pollution
(b) Noise pollution
(c) Water Pollution
(d) Land pollution
Answer
Answer: (a) Air pollution
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