Class 11 Business Studies — Chapter 6: SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS
Chapter 6: SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS is a chapter in Class 11 Business Studies (NCERT), part of the CBSE NCERT curriculum followed by over 25 million students across India. This chapter covers 7 topics including Concept of Social Responsibility, Need for Social Responsibility, Arguments for Social Responsibility. BrainWeave provides free AI-powered explanations — by voice or text, in Hindi or English — with no signup required.
What you'll learn
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▸Concept of Social ResponsibilityCore conceptsocial responsibilitylegal responsibilityvoluntary actionsocietal expectations
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▸Need for Social ResponsibilityCore conceptprofit maximizationpublic goodethical issuestakeholder interest
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▸Arguments for Social ResponsibilityCore conceptlong-term interestgovernment regulationmaintenance of societyjustification for existence
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▸Corporate Social Responsibility (CSR) - Companies Act, 2013Core conceptCompanies Act 2013Clause 135net worthCSR committee
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▸Social Responsibility towards different Interest GroupsCore conceptinterest groupsshareholdersemployeesconsumers
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▸Business and Environmental Protectionenvironmental pollutionenvironmental protectionsustainable developmentadverse effect
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▸Concept of Business EthicsCore conceptbusiness ethicsmorally rightethically uprightmalpractices
Chapter Summary
Understands that social responsibility is a business's obligation to take actions that are desirable for society. This concept extends beyond legal responsibility and includes voluntary actions for the benefit of society.
Analyze the arguments and justifications for why a business should assume social responsibilities, moving beyond the sole objective of profit maximization.
Explains the key justifications for a business to be socially responsible, including ensuring its own long-term interest, avoiding government regulation, and having a better environment for conducting business.
Understands the specific legal provisions for CSR in India under Clause 135 of the Companies Act, 2013, including applicability criteria (turnover, net worth, net profit), spending requirements, and committee formation.
Identifies the various interest groups a business interacts with (customers, employees, investors, community) and the specific responsibilities it holds towards each of them.
Analyzes the relationship between business activities and their impact on the environment, understanding the responsibility of businesses to prevent pollution and protect natural resources.
Defines business ethics as the moral principles that guide the conduct of a business, distinguishing between right and wrong practices and understanding the elements of an ethical business.
Practice Questions from this Chapter
Tap "Get Solution" on any question to ask our AI tutor.
- Define social responsibility simply. Get Solution →
- Name ethical business practices. Get Solution →
- Stop pollution: what can businesses do? Get Solution →
- According to the text, what is the concept of social responsibility of business? Get Solution →
- What is the primary objective of a business, according to the argument that opposes social responsibility? Get Solution →
- How does the text distinguish between social responsibility and legal responsibility? Get Solution →
- In India, the concept of Corporate Social Responsibility (CSR) is governed by which Act? Get Solution →
- Under the Companies Act, 2013, what percentage of average net profit are companies encouraged to spend on CSR activities? Get Solution →
Did you know?
- 💡 Ancient Romans built lead pipes for water, causing widespread, unseen poisoning.
- 💡 There is an island of plastic trash in the Pacific Ocean bigger than Texas.
- 💡 Fair trade ensures workers get a fair price and good conditions for their products.
- 💡 Long ago, some bakers were put in cages for selling bad bread.
- 💡 Many companies now donate a percentage of their profits to help communities.
Frequently Asked Questions
How many topics are covered in this chapter?
This chapter covers 7 key topics: Concept of Social Responsibility, Need for Social Responsibility, Arguments for Social Responsibility, Corporate Social Responsibility (CSR) - Companies Act, 2013, Social Responsibility towards different Interest Groups, and more. The BrainWeave AI tutor explains each one with examples.
Is Chapter 6: SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS important for board exams?
Class 11 is a foundation year. Mastering this chapter now will help you build strong fundamentals for the higher classes.
Can I get NCERT solutions for this chapter in Hindi?
Yes. BrainWeave's AI tutor supports Hindi, English, and Hinglish for both voice and text chat. Just ask your question in your preferred language.
Is BrainWeave free for Class 11 - Commerce?
Yes. BrainWeave's free Spark plan gives generous daily messages — enough for regular homework. Premium features unlock when you bring your own free Google Gemini API key.
Can I use voice chat for this chapter?
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