Economics · Corporate Social Responsibility
Corporate Social Responsibility (CSR) in India is mandated by the Companies Act, 2013. Why do banking CSR activities heavily focus on financial literacy and skill development?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly compete with educational institutions and private colleges.
- 2To build social capital, enhance employability, and support financial inclusion aligned with core operations and SDGs.✓
- 3To directly reduce corporate tax liabilities for the firm.
- 4To satisfy minimum reserve expenditure set by the RBI.
Correct answer
To build social capital, enhance employability, and support financial inclusion aligned with core operations and SDGs.
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