Statement – (II) : In this age of liberalisation and globalisation, the old dirty games and ethical conduct will no longer be accepted.

Statement (II) : Capitalism leads to alienation of workers.

Statement (II) : The Clause 49 of SEBI was amended on August 2001, which had made it mandatory for every public company listed on Indian stock exchanges tosign it.

Statement (II) : Normative sciences judge the value of the facts in terms of an idea ; concerned with judgements of ‘what ought to be’ but not with factual judgements.

Reasoning (R) : A multi – industry survey conducted in the USA indicated that 40% of the managers said that their superiors had at some time told them to do certain things unethical.

(a) Duty ethics      (b) Obligation ethics   (c) Rule based ethics (d) Classical ethics

Reasoning (R) : Companies that do not cooperate sufficiently with auditors can publish non-compliant financial results

(a) Corporate Governance     (b) Corporate Citizenship     (c) Responsible Business

Reasoning (R) : The Directive principles of state policy of the Indian Constitution Command the State to ensure protection and improvement of environment and to safeguard forest and wildlife.