BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Investment Management
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Providing Investment
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Offering Financial Services
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fulfilling social services
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Detailed explanation-1: -Corporate Social Responsibility (CSR) refers to self-regulatory mechanism whereby a bank ensures its active compliance with the spirit of the law, ethical standards and national or international norms.
Detailed explanation-2: -Philanthropic Corporate Social Responsibility This type of corporate social responsibility is frequently associated with donating money to charities, with many businesses supporting particular charities that are relevant to their business in some way. However, philanthropic CSR does not only refer to charity donations.
Detailed explanation-3: -Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.