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The Act encourages companies to spend on CSR at least what share of average net profit of the previous three years?
A5 per cent
B10 per cent
C20 per cent
D2 per cent
Answer & Solution
Correct answer: D. 2 per cent
1. The base is the average of three years.
2. The rate is small but binding in spirit.
3. It is 2 per cent.
_Source: NCERT Class 11 Business Studies, Chapter 6, Social Responsibilities of Business and Business Ethics._
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