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

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The correct option is (B): Pragati.
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Approach Solution -2

The question asks which programme was the CSR initiative of the erstwhile Facebook India (now Meta) aimed at promoting women entrepreneurship. Let's examine each option:

  1. Shakti: "Shakti" is used as a name across several unrelated government schemes (Drone Shakti, Sagarshakti, etc.) but it is not the name Facebook India used for its women entrepreneurship initiative.
  2. Pragati: "Pragati", meaning "progress", was the name Facebook India gave to its programme supporting women entrepreneurs, helping them build digital skills and grow their businesses online. This matches the initiative described in the question.
  3. Lean In: "Lean In" is the name of a global women's empowerment organisation founded by Sheryl Sandberg, Facebook's former COO, in her personal capacity, not a CSR programme run by Facebook India itself.
  4. Marching Forward: This is not the name of any documented Facebook India CSR programme; it does not correspond to any real initiative on record.

Since "Pragati" is the only option that is documented as Facebook India's own CSR initiative for women entrepreneurs, it is the correct choice.

Therefore, 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

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The correct option is (C): High Level Committee on Corporate Social Responsibility.
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Approach Solution -2

The question asks which committee, in 2019, recommended making CSR expenditure a tax-deductible expense. Let's assess each option:

  1. Company Laws Committee: The Company Law Committee (CLC) has, from time to time, examined provisions of the Companies Act, 2013, including CSR compliance and penal provisions, but its reports have not centred on recommending tax deductibility of CSR spend.
  2. High Level Committee on Reform of Indian Company Law: This committee, chaired by Dr. J.J. Irani, worked on broader company law reform well before CSR became a statutory requirement under the 2013 Act; it is not the body associated with the 2019 tax-deductibility recommendation.
  3. High Level Committee on Corporate Social Responsibility: This committee, set up by the Ministry of Corporate Affairs and chaired by Injeti Srinivas, specifically reviewed the CSR framework and in its 2018-19 report recommended, among other things, that CSR expenditure be made tax deductible to encourage greater voluntary compliance.
  4. Committee for Reforms in Corporate Social Responsibility in India: No such formally constituted, distinctly named body exists in the official record on CSR reform; it does not match any recognised committee report from this period.

The recommendation on tax deductibility of CSR spend is specifically traceable to the High Level Committee on Corporate Social Responsibility.

Therefore, 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
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The Correct Option is C

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The correct option is (C): Centre for Augmenting WAR with COVID-19 Health Crisis.
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Approach Solution -2

The question asks what the abbreviation CAWACH stands for, an initiative of the National Science and Technology Entrepreneurship Development Board (NSTEDB). Let's break down each option against the acronym C-A-W-A-C-H:

  1. Centre for Alleviating Waning Healthcare Companies: This phrasing does not correctly map onto the CAWACH acronym, and "waning healthcare companies" is not the actual thrust of the scheme, which is about crisis response rather than company revival.
  2. Centre for Augmenting Wound-up Healthcare Companies: "Wound-up" companies is not the real subject of this initiative either; CAWACH was set up to support entrepreneurial responses to a health crisis, not to revive closed businesses.
  3. Centre for Augmenting WAR with COVID-19 Health Crisis: This expansion correctly matches every letter of CAWACH, Centre for Augmenting WAR (with) COVID-19 Health crisis, and accurately reflects the scheme's real purpose: supporting start-ups and incubators developing solutions to fight the COVID-19 pandemic.
  4. Centre for Alleviating Withering Healthcare Companies: Like option A, this does not correctly expand the acronym and misstates the initiative's actual focus.

Only one option both fits the letters of the acronym and correctly describes the scheme's COVID-19-response purpose.

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

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The correct option is (D): Ministry of Corporate Affairs.
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Approach Solution -2

The question asks which authority notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 on January 22, 2021. Let's consider each option:

  1. Ministry of Finance: The Ministry of Finance deals with taxation, budgeting, and financial regulation; it does not administer the Companies Act, 2013 or its subordinate CSR rules.
  2. Ministry of Social Justice and Empowerment: This ministry is concerned with welfare schemes for marginalised sections of society, not with company law compliance or CSR rule-making, so it is not the notifying authority here.
  3. Ministry of Law and Justice: While this ministry handles legislative drafting and the judiciary in general, subordinate rules under a specific statute like the Companies Act are notified by the ministry that administers that statute, not by the Law Ministry.
  4. Ministry of Corporate Affairs: The Ministry of Corporate Affairs (MCA) administers the Companies Act, 2013, including Section 135 on CSR. All CSR-related rules, including the 2021 amendment rules that reformed CSR compliance and reporting, are notified by the MCA.

Since CSR falls squarely within the Companies Act framework administered by the Ministry of Corporate Affairs, it is this ministry that notified the 2021 amendment rules.

Therefore, 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
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The Correct Option is A

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The correct option is (A): National Corporate Social Responsibility Awards.
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The question asks for the exact name of the award instituted by the Ministry of Corporate Affairs to recognise companies for outstanding CSR work. Let's look at each option:

  1. National Corporate Social Responsibility Awards: This is the actual, formally instituted award given by the Ministry of Corporate Affairs to recognise companies for excellence in CSR, covering categories tied to inclusive growth and sustainable development.
  2. National Awards for Excellence in Social Responsibility: This name drops the word "Corporate" and does not match the official title used by the Ministry; it is a close-sounding distractor rather than the real award name.
  3. National Awards for Corporate Excellence in Social Responsibility: This rearranges the wording of the real title into a different, non-official phrasing; the actual award is not styled this way.
  4. National Awards for Excellence in Inclusive Growth and Sustainable Development: This description borrows the goals mentioned in the question's framing (inclusive growth, sustainable development) but is not the formal name of the award itself.

Only the precise, officially used title matches what the Ministry of Corporate Affairs actually calls this recognition.

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

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