Question 34
Set 2
Contents
QQuestion
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?
OOptions
✓Correct Answer
DDalvoy Solutions
Analyzing statements about Business Responsibility and Sustainability Report (BRSR):
I. RBI mandates all listed companies to submit BRSR: Incorrect. It is SEBI (Securities and Exchange Board of India), not RBI, that mandates BRSR for the top 1000 listed companies by market capitalization.
II. Companies submitting BRSR make largely non-financial disclosures: Correct. BRSR focuses on Environmental, Social, and Governance (ESG) parameters, which are predominantly non-financial in nature, including sustainability practices, social impact, governance structures, and stakeholder engagement.
BRSR replaced the earlier Business Responsibility Report (BRR) and provides a more comprehensive framework for sustainability reporting by Indian companies.
SUPSC Prelims Strategy and Tips
For regulatory reporting questions, distinguish between different regulators (SEBI for capital markets, RBI for banking) and understand that sustainability reports focus on non-financial ESG metrics.