Topic Details (Notes format)

Corporate Governance and Ethical Business

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Robust corporate governance safeguards minority shareholders, promotes transparency, and fosters accountability in boards and management. SEBI’s regulations, Clause 49 guidelines, and the Companies Act amendments anchor best practices. Exams might cover the role of independent directors, audit committees, and whistleblower policies. Effective governance also ties into ESG (environment, social, governance) criteria, reflecting investor demand for ethical operations.

Practice Questions

What is the objective of the Goods and Services Tax (GST)?

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What is the “law of diminishing marginal utility”?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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Which of the following is an example of fiscal policy?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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Which of the following sectors contributes the most to India’s GDP?

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What does the “Human Development Index” measure?

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What is the significance of “Purchasing Power Parity” (PPP)?

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Which of the following is NOT a component of Aggregate Demand?

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