Q. Consider the following statements:
I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).
II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.
Which of the statements given above is/are correct?

[A] I only

[B] II only

[C] Both I and II

[D] Neither I nor II

Answer: B
Notes:

Explanation:

  • Statement I is incorrect: It is SEBI, not the RBI, that mandates the top 1,000 listed companies to submit the Business Responsibility and Sustainability Report (BRSR) under the LODR Regulations, 2015.
  • Statement II is correct: BRSR focuses on non-financial disclosures related to environmental, social, and governance (ESG) aspects.

Source- TOI

Blog
Academy
Community