Question

There is a statement followed by two arguments. Choose the correct option which gives the decision on the arguments, which is derived from the statement.
Given Statement: The new amendment of Corporate Social Responsibility (CSR) in India refers to bringing an overall positive impact on the communities, cultures, societies and environments. The fundamentals of CSR rest on the fact that not only public policy but even corporate should be responsible enough to address social issues.
Argument I: Government should not enforce companies to take up CSR.
Argument II: Companies moral responsibility is to take up CSR for a long run benefit.

• A. Argument II is correct but Argument I is wrong
• B. Argument I is correct but Argument II is wrong
• C. Both the arguments are false
• D. Both the arguments are correct

Answer 1

The Correct Option is A

The statement explains that Corporate Social Responsibility (CSR) aims to positively impact communities, cultures, societies, and environments, highlighting that not just public policies but also corporations should be proactive in addressing social issues.
Analyzing the arguments given:  
Argument I: Government should not enforce companies to take up CSR.
Argument II: Companies' moral responsibility is to take up CSR for the long run benefit.
To determine the validity of these arguments, consider the fundamentals of CSR.
The statement illustrates CSR as an ethical framework, suggesting that corporations should voluntarily design their operations to positively influence society.
Argument II aligns with this—a company’s moral obligation and long-term benefit align with CSR’s goals of fostering positive impacts without explicit enforcement.
Argument I contradicts the ethos wherein corporates are envisioned as accountable entities, interwoven with their broader societal obligations, which might necessitate a structured integration of CSR obligations to ensure universal adherence for collective betterment.
Thus, the option "

Argument II is correct but Argument I is wrong

" accurately evaluates the arguments.