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 term for goods that are used together, such as cars and fuel?

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

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What is “currency devaluation”?

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Which of the following measures can reduce a trade deficit?

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

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What is meant by the term “current account deficit”?

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What is meant by “stagflation”?

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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 is a direct tax?

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