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 “currency devaluation”?

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What is the Phillips Curve?

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Which economic concept is described as “the next best alternative foregone”?

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

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What does the Gini Coefficient measure?

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What is the main purpose of monetary policy?

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What is meant by “marginal propensity to consume”?

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What is the main feature of a free-market economy?

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What is the main objective of disinvestment in public sector undertakings (PSUs)?

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Which of the following is a characteristic of “perfect competition”?

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