Comprehension
The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. "Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021," the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.
Question: 1

Which of the following is the Corporate Social Responsibility (CSR) initiative of the erstwhile Facebook India to promote women entrepreneurship?

Updated On: Jul 14, 2026
  • Shakti
  • Pragati
  • Lean In
  • Marching Forward
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The Correct Option is B

Solution and Explanation

The programme name to identify here is a Hindi word meaning "progress", used by Facebook India for its women entrepreneurship CSR initiative.

"Shakti" is ruled out because that word is attached to several other, unrelated government-run schemes (for example, in the drone and maritime sectors), not to a Facebook programme.

"Lean In" is ruled out because that name belongs to a separate global non-profit associated with Sheryl Sandberg personally, not to Facebook India's CSR wing.

"Marching Forward" does not correspond to any recorded Facebook India CSR programme at all.

"Pragati" is the name actually used for Facebook India's women entrepreneurship initiative, so that is the answer.

Hence, the correct answer is Pragati.
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Question: 2

In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?

Updated On: Jul 14, 2026
  • Company Laws Committee
  • High Level Committee on Reform of Indian Company Law
  • High Level Committee on Corporate Social Responsibility
  • Committee for Reforms in Corporate Social Responsibility in India
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The Correct Option is C

Solution and Explanation

The question is looking for the specific 2019 committee report that suggested treating CSR spending as a tax-deductible expense.

The Company Laws Committee and the J.J. Irani-led High Level Committee on Reform of Indian Company Law both dealt with company law reform generally, but neither is the source of this particular CSR tax-deductibility recommendation.

"Committee for Reforms in Corporate Social Responsibility in India" is not a real, officially constituted committee on record, so it can be set aside.

The actual body tasked with reviewing the CSR framework in 2018-19, and which proposed tax deductibility among its recommendations, was the High Level Committee on Corporate Social Responsibility, headed by Injeti Srinivas.

So, the correct answer is High Level Committee on Corporate Social Responsibility.
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Question: 3

CAWACH is an initiative by the National Science and Technology Entrepreneurship Development Board, Department of Science and Technology, Government of India stands for the:

Updated On: Jul 14, 2026
  • Centre for Alleviating Waning Healthcare Companies
  • Centre for Augmenting Wound-up Healthcare Companies
  • Centre for Augmenting WAR with COVID-19 Health Crisis
  • Centre for Alleviating Withering Healthcare Companies
Show Solution

The Correct Option is C

Solution and Explanation

CAWACH is a six-letter acronym, so the correct expansion must line up letter by letter: C-A-W-A-C-H.

Options built around "waning" or "withering" healthcare companies do not correspond to what this NSTEDB scheme was actually created for, it was launched during the pandemic to support innovators fighting COVID-19, not to rescue declining firms.

Similarly, "wound-up healthcare companies" misreads the purpose of the scheme entirely.

"Centre for Augmenting WAR with COVID-19 Health Crisis" both fits the acronym CAWACH precisely and matches its actual documented purpose of supporting the innovation ecosystem's fight against the pandemic.

Therefore, the correct answer is Centre for Augmenting WAR with COVID-19 Health Crisis.
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Question: 4

On January 22, 2021 the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 were notified by the:

Updated On: Jul 14, 2026
  • Ministry of Finance
  • Ministry of Social Justice and Empowerment
  • Ministry of Law and Justice
  • Ministry of Corporate Affairs
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The Correct Option is D

Solution and Explanation

Any rule made under the Companies Act, 2013 is notified by whichever ministry administers that Act, so the key fact to recall is which ministry that is.

The Ministry of Finance handles taxation and financial policy, and the Ministry of Social Justice and Empowerment handles social welfare schemes, neither administers company law.

The Ministry of Law and Justice generally oversees legislative and judicial matters but does not itself notify subordinate rules under sector-specific statutes like the Companies Act.

The Companies Act, 2013, and therefore its CSR provisions and amendment rules, fall under the Ministry of Corporate Affairs, which is the body that actually notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

So, the correct answer is Ministry of Corporate Affairs.
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Question: 5

The Ministry of Corporate Affairs has instituted an award to select companies to recognize corporate initiatives in the area of Corporate Social Responsibility (CSR) to achieve inclusive growth and inclusive and sustainable development. The name of the award is:

Updated On: Jul 14, 2026
  • National Corporate Social Responsibility Awards
  • National Awards for Excellence in Social Responsibility
  • National Awards for Corporate Excellence in Social Responsibility
  • National Awards for Excellence in Inclusive Growth and Sustainable Development
Show Solution

The Correct Option is A

Solution and Explanation

This is a naming-precision question, three of the four options are worded to sound plausible but rearrange or drop words from the real title.

"National Awards for Excellence in Social Responsibility" leaves out "Corporate", and "National Awards for Corporate Excellence in Social Responsibility" reorders the phrase, neither is the Ministry's actual title for the award.

"National Awards for Excellence in Inclusive Growth and Sustainable Development" describes the award's underlying objective rather than naming it.

The Ministry of Corporate Affairs's actual, formally used title for this recognition is the National Corporate Social Responsibility Awards.

Hence, the correct answer is National Corporate Social Responsibility Awards.
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