UPSC CSE Prelims
Question 33
Consider the following statements :
- The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).
- 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?
View correct answer and explanation
Correct answer: B
Correct Option: B (II only)
Explanation: Business Responsibility and Sustainability Reporting is principally a SEBI disclosure framework, not an RBI mandate for all listed companies. It focuses substantially on environmental, social and governance information rather than financial statements.
Statement / Pair / Item-wise Analysis:
I: False-SEBI introduced mandatory BRSR for specified large listed entities.
II: True-BRSR reports predominantly non-financial sustainability and ESG metrics.
Option-wise Analysis:
A. Incorrect-includes I despite the item-wise findings; omits II which the answer requires.
B. Correct-this matches the facts and the item-wise assessment above.
C. Incorrect-includes I despite the item-wise findings.
D. Incorrect-omits II which the answer requires.