MCQ Chapter 6 Social Responsibilities of Business and Business Ethics Class 11 Business Studies

Please refer to Social Responsibilities of Business and Business Ethics MCQ Questions Class 11 Business Studies below. These MCQ questions for Class 11 Business Studies with answers have been designed as per the latest NCERT, CBSE books, and syllabus issued for the current academic year. These objective questions for Social Responsibilities of Business and Business Ethics will help you to prepare for the exams and get more marks.

Social Responsibilities of Business and Business Ethics MCQ Questions Class 11 Business Studies

Please see solved MCQ Questions for Social Responsibilities of Business and Business Ethics in Class 11 Business Studies. All questions and answers have been prepared by expert faculty of standard 11 based on the latest examination guidelines.

MCQ Questions Class 11 Business Studies Social Responsibilities of Business and Business Ethics

Question. 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

Question. 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

Question. Business people have the skill to involve
(a) Some social problems
(b) All economic problems
(c) No social problems
(d) All social problems

Question. 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

Question. ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada

Question. Funds required for purchasing current assets are known as
(a) Working capital
(b) Fixed capital
(c) Lease financing
(d) Retained earnings

Question. 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)

Question. 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

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

Question. The main cause of water pollution is ______
(a) Waste dumping
(b) Industrial waste
(c) Chemical
(d) All of the above

Question. Business people have the skills to solve
(a) All social problems
(b) All economic problems
(c) No social problems
(d) Some social problems

Question. Carbon monoxide emitted by automobiles directly contributes to
(a) Air pollution
(b) Noise pollution
(c) Water Pollution
(d) Land pollution

Question. The responsibility which is not codified in any law is termed as
(a) Legal responsibility
(b) Economic responsibility
(c) Ethical responsibility
(d) Discritionary responsibility

Question. Public Deposits are the deposits that are directly raised from
(a) The public
(b) The auditors
(c) The owners
(d) The directors

Question. If you believe in making decisions for the good of most people, you can be described as following which school of thought?
(a) utilitarianism
(b) teleology
(c) deontology
(d) egoism

Question. Which statement is true?
(a) Human values system plays a vital role in total quality management
(b) Values give the real meaning to total quality management effort
(c) Total quality management is a corporate management strategy
(d) All of the above

Question. Which one of the following is known as the Risk capital?
(a) Equity shares
(b) Debentures
(c) Retained earnings
(d) Preference shares

Question. ________is the problems in the society,________is the environment for a firm to conduct its business:
(a) Less; less
(b) More; better
(c) Less; better
(d) More; more

Question. Business ethics are necessary for:
(a) General employees
(b) Middle level Employees
(c) High level employees
(d) All of the above

Question. Objectives of the environment protection act are
(a) To co-ordinate the activities of the various regulatory agencies already in existence
(b) To appoint environment officers to check environmental pollution
(c) To improve the quality of life
(d) All of the above  

Question. 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  

Question. 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  

Question. If business is to operate in a society which is full of diverse and complicated problems, it may have
(a) Little chance of success
(b) Great chance of success
(c) Little chance of failure
(d) No relation with success or failure

 Question. Providing charitable contributions to educational institutions is ________
(a) Legal responsibility
(b) Economic responsibility
(c) Discretionary responsibility
(d) None of the above

Question. _______ damages the quality of land making it unfit for agriculture or plantation.
(a) Land Pollution
(b) Air Pollution
(c) Noise Pollution
(d) Water Pollution

Question. Which of the following is not the social responsibility of business firms towards its investors:
(a) To ensure safety of capital
(b) To give appropriate safety
(c) To ensure proper utilization of capital
(d) To give proper dividend

Question. Social responsibility of a business is________what is written in the law:
(a) Restricted to
(b) Not more than
(c) More than
(d) Equal to

Question. Social responsibility can be divided in………parts
(a) 1
(b) 2
(c) 3
(d) 4

Question. Environmental protection can best be done by the efforts of
(a) Business people
(b) Government
(c) Scientists
(d) All the people

Question. Equity share capital represents ______of the company.
(a) Permanent capital
(b) Fixed capital
(c) Working capital
(d) Fluctuating capital

Question. ________ management has a crucial role in guiding the entire organization towards ethically upright behavior.
(a) Lower 
(b) Middle
(c) Top
(d) None

Question. An enterprise should avoid bad smoky chimneys is an example of its responsibility towards
(a) Workers
(b) Government
(c) Community
(d) Customers 

Question. Companies do not have to be socially responsible to whom:
(a) Customers
(b) Investors
(c) Society
(d) Competitors

Question. An enterprise must behave as good citizens. This is an example of its responsibility towards.
(a) Owners
(b) workers
(c) consumers
(d) community

Question. Business people have the skills to solve:
(a) All social Problems
(b) some Social problems
(c) No any Social problem 
(d) All economic problems 

Fill in the Blanks:

Question.The social responsibility may respect the aspirations of society along with __________ interest.

Question. Protecting the natural environment is the example of social responsibility of business towards __________ .

Question. To generate more employment opportunities is the social responsibility of business towards __________ .

Question. The enterprise must respect the democratic rights of the workers to form __________.

Question. The company must take about poor quality, adulteration, avoiding practices of misleading and dishonest advertising is the responsibility of business towards__________.

True / False:

Question. Ethics is important for the top level management only.

Question. Ethics are concerned with establishing linkages between individual good and social good

Question. The only obligation of business towards its employees is to pay them well so that they work to their maximum capacity.

Question. Professional managers are interested in satisfying multiplicity of interst groups then profit goals

Question. “Mental disorder” is the example of Land pollution.

Match the following:

Question. Match the following on the basis of subject matter of social responsibility.

1. Socially undesirable Practices	(a) Earning profit, good behavior with customers, obeying law.
2. Moral Obligations	(b) Manufacturing adulterated goods, misleading advertisements, Polluting the environment.
	(c) To get involved in solving the problems like corruption, pollution, Unsafe workplace.

Question. Match the following social responsibility with suitable stakeholders:-

1. Workers	(a) regular, accurate and full information about the organisation
2. Government	(b) respect trade unions
	(c) behave as a good citizen
	(d) respect the laws of country

Question. Match the following concept with their meaning:-

1. Obligation to fulfill social interest	(a) business ethics
2. Codes or system or principles governing business activities	(b) legal responsibility
	(c) social responsibility

Question. Match the following example with relevant stakeholders:-

1. Right of information about the product	(a) government and community
2. Environment friendly methods of production	(b) consumers
	(c) shareholders

Question. Match the statement with the element of business ethics:

1. this covers areas such as honesty and adherence to laws And are in the form of written documents.	(a) Involving employees at all
2. they must give continuous leadership for developing and Upholding the values of the organization.	(b) top management comitment.
	(c) Publication of code.

Pictorial Questions:

Question. Identify the element of the business ethics depicted in the picture below.

Question. Write the social responsibility of an enterprise to be assumed in the given case.

Question. Which element of Business ethics is shown in the given picture?

Question. Towards which interest group the social responsibility is shown in the given picture?

Question. One of the argument for the social responsibility is expressed in the given picture. Identify that.