Values And Ethics In Management — Part 2 MCQs with Explanations
Practice high-yield Management Sciences MCQs on Values And Ethics In Management — Part 2 with worked academic solutions for CSS, PMS, FPSC, PPSC, NTS.
Questions
40
Difficulty Level
Exam-Level
Target Exams
CSS, PMS, FPSC...
Estimated Time
48 mins
Exam-Level CSS PMS FPSC PPSC NTS
Verified for Commission Syllabus • Oct 14, 2026
40
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Question 1 of 40
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Match the following List-I (Items) List-II (Features) a. Corporate social responsibility 1. Less price product b. Business ethics 2. To follow the rule of systems c. Strength 3. Mission d. Marketing 4. Advertisement
Correct Answer: Option A — a-1, b-2, c-3, d-4
Detailed Academic Explanation:
a-1, b-2, c-3, d-4 is the correct answer to “Match the following List-I (Items) List-II (Features) a. Corporate social responsibility 1. Less price product b. Business ethics 2. To follow the rule of systems c. Strength 3. Mission d. Marketing 4. Advertisement”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 2 of 40
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Ethical code is
Correct Answer: Option C — Our first responsibility is to our customers
Detailed Academic Explanation:
Our first responsibility is to our customers is the correct answer to “Ethical code is”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 3 of 40
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Themes which emphasise the existence of universal principles to be followed because of their intrinsic 'rightness' are called
Correct Answer: Option D — deontological ethics
Detailed Academic Explanation:
deontological ethics is the correct answer to “Themes which emphasise the existence of universal principles to be followed because of their intrinsic 'rightness' are called”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 4 of 40
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Which of the following powers of Directors cannot be exercised without the consent of shareholders in General Meeting?
Correct Answer: Option A — Power to borrow money exceeding the aggregate of the paid-up capital of the company and its free reserves
Detailed Academic Explanation:
Power to borrow money exceeding the aggregate of the paid-up capital of the company and its free reserves is the correct answer to “Which of the following powers of Directors cannot be exercised without the consent of shareholders in General Meeting”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 5 of 40
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Which statement(s) is/are true in today's era?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which statement(s) is/are true in today's era”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 6 of 40
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Which is the basic principle of ethos for management?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the basic principle of ethos for management”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 7 of 40
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Which factors causes ethical behaviour, in business?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which factors causes ethical behaviour, in business”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 8 of 40
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Match the following. List-I (Responsibilities of Different Sections of Society Towards Business) List-II (Features) a. Responsibility of owners 1. Correct vision and mission b. Responsibility of investors 2. Cooperation to the business c. Responsibility of employees 3. Effectiveness at work d. Responsibility of professional Institutions 4. Right education and guidance
Correct Answer: Option B — a-1, b-2, c-3, d-4
Detailed Academic Explanation:
a-1, b-2, c-3, d-4 is the correct answer to “Match the following. List-I (Responsibilities of Different Sections of Society Towards Business) List-II (Features) a. Responsibility of owners 1. Correct vision and mission b. Responsibility of investors 2. Cooperation to the business c. Responsibility of employees 3. Effectiveness at work d. Responsibility of professional Institutions 4. Right education and guidance”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 9 of 40
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Karma yoga is a good pathway for
Correct Answer: Option D — all of these
Detailed Academic Explanation:
all of these is the correct answer to “Karma yoga is a good pathway for”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 10 of 40
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Managers today are usually quite sensitive to issues of social responsibility and ethical behaviour because of . . . . . . . .
Correct Answer: Option D — all of the above
Detailed Academic Explanation:
all of the above is the correct answer to “Managers today are usually quite sensitive to issues of social responsibility and ethical behaviour because of . . . . . . . .”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 11 of 40
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Match the items of List-I with those of List-II and choose the correct combination. List-I List-II a. Ethical model 1. Corporate responsibilities limited to private owners b. Statist model 2. Voluntary commitment by companies to public welfare c. Liberal model 3. State ownership and legal requirements determine corporate responsibilities d. Stakeholder model 4. Companies respond to the need of the customers, communities etc
Correct Answer: Option A — a-2, b-3, c-1, d-4
Detailed Academic Explanation:
a-2, b-3, c-1, d-4 is the correct answer to “Match the items of List-I with those of List-II and choose the correct combination. List-I List-II a. Ethical model 1. Corporate responsibilities limited to private owners b. Statist model 2. Voluntary commitment by companies to public welfare c. Liberal model 3. State ownership and legal requirements determine corporate responsibilities d. Stakeholder model 4. Companies respond to the need of the customers, communities etc”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 12 of 40
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Match the following List-I (Important ethical principles) List-II (Example) a. Do not deceive or cheat the customers by selling substandard or defective products by under measurement or any other means. 1. Publishing false information about competitors, bribing the retailers etc. b. Do not report to hoarding, black marketing or profiteering. 2. Textile merchants in general clear the defective stock under the guise of discounts. c. Treasure sincerity and accuracy in advertising, labelling and packaging. 3. Management of theatres sell the tickets for higher prices during the initial days of release of a film started by a crazy hero and heroine. d. Do not furnish the image of competitors by unfair practices. 4. Ads of automobiles in general provide false details in every aspect.
Correct Answer: Option A — a-2, b-3, c-4, d-1
Detailed Academic Explanation:
a-2, b-3, c-4, d-1 is the correct answer to “Match the following List-I (Important ethical principles) List-II (Example) a. Do not deceive or cheat the customers by selling substandard or defective products by under measurement or any other means. 1. Publishing false information about competitors, bribing the retailers etc. b. Do not report to hoarding, black marketing or profiteering. 2. Textile merchants in general clear the defective stock under the guise of discounts. c. Treasure sincerity and accuracy in advertising, labelling and packaging. 3. Management of theatres sell the tickets for higher prices during the initial days of release of a film started by a crazy hero and heroine. d. Do not furnish the image of competitors by unfair practices. 4. Ads of automobiles in general provide false details in every aspect.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 13 of 40
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Which is the code of Medical Council of India?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the code of Medical Council of India”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 14 of 40
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Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of
Correct Answer: Option A — Statutory devices
Detailed Academic Explanation:
Statutory devices is the correct answer to “Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 15 of 40
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A new approach 'Learning Model' which is helpful to strengthen the decision-making process was developed by
Correct Answer: Option B — Bob Garratt
Detailed Academic Explanation:
Bob Garratt is the correct answer to “A new approach 'Learning Model' which is helpful to strengthen the decision-making process was developed by”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 16 of 40
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Which is the favourable point of business ethics?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the favourable point of business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 17 of 40
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The social responsibility of business towards supplier includes
Correct Answer: Option D — all of the above
Detailed Academic Explanation:
all of the above is the correct answer to “The social responsibility of business towards supplier includes”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 18 of 40
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Global corporate culture involves an integration of . . . . . . . . in which firms currently operate.
Correct Answer: Option A — business environments
Detailed Academic Explanation:
business environments is the correct answer to “Global corporate culture involves an integration of . . . . . . . . in which firms currently operate.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 19 of 40
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Fairness in employment practices centers on
Correct Answer: Option B — giving people equal rewards for accomplishing the same tasks
Detailed Academic Explanation:
giving people equal rewards for accomplishing the same tasks is the correct answer to “Fairness in employment practices centers on”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 20 of 40
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Which is the monitor results of TQM?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the monitor results of TQM”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 21 of 40
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Which statement is true about value-oriented?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which statement is true about value-oriented”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 22 of 40
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Rule . . . . . . . . means the enforcement of rules in the society legally.
Correct Answer: Option C — application
Detailed Academic Explanation:
application is the correct answer to “Rule . . . . . . . . means the enforcement of rules in the society legally.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 23 of 40
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Assertion (A) Social audit has been defined as a commitment to systematic assessment of and reporting in some meaningful, definable domain of the company's activities that have social impacts. Reason (R) The Companies Act, 2013 has accorded statutory recognition of the social responsibility of a corporate entity and gives option to provide a percentage of profit for the purpose as per discretion of the board.
Correct Answer: Option C — (A) is correct, but (R) is not correct
Detailed Academic Explanation:
(A) is correct, but (R) is not correct is the correct answer to “Assertion (A) Social audit has been defined as a commitment to systematic assessment of and reporting in some meaningful, definable domain of the company's activities that have social impacts. Reason (R) The Companies Act, 2013 has accorded statutory recognition of the social responsibility of a corporate entity and gives option to provide a percentage of profit for the purpose as per discretion of the board.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 24 of 40
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A firm is said to have good corporate social performance when
Correct Answer: Option D — stakeholders are satisfied with its level of social responsibility
Detailed Academic Explanation:
stakeholders are satisfied with its level of social responsibility is the correct answer to “A firm is said to have good corporate social performance when”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 25 of 40
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Match the following List-I (Social Responsibilities) List-II (Features) a. Responsibility to share holders 1. Improving quality b. Responsibility to employees 2. To include in social welfare activities c. Responsibility to consumers 3. To establish better working conditions d. Responsibility to community 4. To be transparent
Correct Answer: Option B — a-4, b-3, c-1, d-2
Detailed Academic Explanation:
a-4, b-3, c-1, d-2 is the correct answer to “Match the following List-I (Social Responsibilities) List-II (Features) a. Responsibility to share holders 1. Improving quality b. Responsibility to employees 2. To include in social welfare activities c. Responsibility to consumers 3. To establish better working conditions d. Responsibility to community 4. To be transparent”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 26 of 40
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Which one among the following is not correct about J. J. Irani committee's recommendations on Company Law (2005)?
Correct Answer: Option A — $${\frac{2}{5}^{{\text{th}}}}$$ of the board of a listed company should comprise of independent directors
Detailed Academic Explanation:
$${\frac{2}{5}^{{\text{th}}}}$$ of the board of a listed company should comprise of independent directors is the correct answer to “Which one among the following is not correct about J. J. Irani committee's recommendations on Company Law (2005)”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 27 of 40
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"We wish to be good citizens of every community in which we live". This is a
Correct Answer: Option B — social code
Detailed Academic Explanation:
social code is the correct answer to “"We wish to be good citizens of every community in which we live". This is a”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 28 of 40
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"Corporate planning is the continuous process of making present entrepreneurial decisions systematically and with the best possible knowledge of their futurity." Who said?
Correct Answer: Option B — Peter F. Drucker
Detailed Academic Explanation:
Peter F. Drucker is the correct answer to “"Corporate planning is the continuous process of making present entrepreneurial decisions systematically and with the best possible knowledge of their futurity." Who said”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 29 of 40
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The Indian ethos is for the individual self to become aware, develop and contribute social welfare by linking yourself to the
Correct Answer: Option A — Customs
Detailed Academic Explanation:
Customs is the correct answer to “The Indian ethos is for the individual self to become aware, develop and contribute social welfare by linking yourself to the”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 30 of 40
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Match the items of List-I with those of List-II and choose the correct combination. List-I List-II a. Ethics are the principles of conduct governing an individual or profession. 1. John Donaldson b. Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. 2. Keith Davis c. Ethics are a set of rules that defines right and wrong conduct. 3. Shea d. Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions or practices and beliefs. 4. R. Wayne Mondy
Correct Answer: Option B — a-3, b-4, c-2, d-1
Detailed Academic Explanation:
a-3, b-4, c-2, d-1 is the correct answer to “Match the items of List-I with those of List-II and choose the correct combination. List-I List-II a. Ethics are the principles of conduct governing an individual or profession. 1. John Donaldson b. Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. 2. Keith Davis c. Ethics are a set of rules that defines right and wrong conduct. 3. Shea d. Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions or practices and beliefs. 4. R. Wayne Mondy”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 31 of 40
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The characteristics of business ethic(s) is/are
Correct Answer: Option D — all of these
Detailed Academic Explanation:
all of these is the correct answer to “The characteristics of business ethic(s) is/are”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 32 of 40
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Which one of the following is not principle business ethics?
Correct Answer: Option D — Principle of dissatisfaction
Detailed Academic Explanation:
Principle of dissatisfaction is the correct answer to “Which one of the following is not principle business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 33 of 40
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Which of the following statement(s) is fare true?
Correct Answer: Option D — A!l of the above
Detailed Academic Explanation:
A!l of the above is the correct answer to “Which of the following statement(s) is fare true”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 34 of 40
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The environmental ethics include
Correct Answer: Option D — all of the above
Detailed Academic Explanation:
all of the above is the correct answer to “The environmental ethics include”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 35 of 40
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Which one of the following approaches to creating an ethical and socially responsible workplace is likely to be the most powerful?
Correct Answer: Option C — Top management acting as models of the right behaviour
Detailed Academic Explanation:
Top management acting as models of the right behaviour is the correct answer to “Which one of the following approaches to creating an ethical and socially responsible workplace is likely to be the most powerful”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 36 of 40
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The concept of international social responsibility is the expectation that MNCs concern themselves about . . . . . . . . effects of their decisions regarding activities in other countries.
Correct Answer: Option D — social and economic
Detailed Academic Explanation:
social and economic is the correct answer to “The concept of international social responsibility is the expectation that MNCs concern themselves about . . . . . . . . effects of their decisions regarding activities in other countries.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 37 of 40
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Governance is the system of values, policies and institutions by which a society manages its economic, political and social affairs through interactions within and among the state, civil society and private sectoris defined by
Correct Answer: Option B — UNDP
Detailed Academic Explanation:
UNDP is the correct answer to “Governance is the system of values, policies and institutions by which a society manages its economic, political and social affairs through interactions within and among the state, civil society and private sectoris defined by”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 38 of 40
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The psychological qualities are
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “The psychological qualities are”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 39 of 40
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Business ethics
Correct Answer: Option D — all of the above
Detailed Academic Explanation:
all of the above is the correct answer to “Business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 40 of 40
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Human and ethical values such as vision integrity etc are subjective subtle and
Correct Answer: Option A — intangible concepts
Detailed Academic Explanation:
intangible concepts is the correct answer to “Human and ethical values such as vision integrity etc are subjective subtle and”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
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Business Communication — Part 1
Master the next curriculum module with 40 exam-standard MCQs.
In competitive commission exams (FPSC, PPSC, KPPSC, SPSC, CSS, PMS), questions are frequently phrased with distractor options designed to catch rote learners. Whenever you answer an MCQ, read the Detailed Academic Explanation and Conceptual Anchor to understand why the remaining options are incorrect.