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 does the term “capital account” refer to in the balance of payments?

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What does “balance of trade” refer to?

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What is the term for the price at which demand and supply in a market are equal?

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What is the main aim of the “Startup India” initiative?

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Which of the following is an example of a renewable resource?

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Which organization publishes the Human Development Index (HDI)?

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What is the “law of diminishing marginal utility”?

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Which of the following is a feature of a command economy?

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Which of the following is an example of a non-renewable resource?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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