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AIBE question and official answer

AIBE VII 2014 Set A Question 48

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Question 48 of 100 AIBE VII 2014 Set A

Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover of rupees 1,000 crore or more or a net profit of rupees 5 crore or more should mandatorily spend ---------- of their net profits per fiscal on Corporate Social Responsibility activities

  1. A 3%
  2. B 5%
  3. C 10%
  4. D 2% Official answer

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