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Question
State whether the following statement is true or false. Correct the incorrect Statement.
Corporate social responsibility is compulsory for every industrialist.
Options
True
False
Solution
This statement is True.
Explanation:
Yes, the corporate social responsibility is essential for the industrial unit. The law ensures 2% of the profit of the industrial unit must be contributed to society as a social responsibility. The industrial unit must ensure social responsibility in the society for the peaceful development of industries.
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