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 “Human Development Index” measure?

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What is “CRR” in banking terminology?

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Which of the following measures is most effective in controlling inflation?

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What is “inflation targeting”?

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What is the “law of diminishing marginal utility”?

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

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

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Which of the following is an example of a public sector undertaking (PSU) in India?

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What does the term “national income” refer to?

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

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