Consider the following statements :
- 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?
Show answer
Answer: B. Statement I is wrong: BRSR is mandated by SEBI, not RBI, and only for the top 1,000 listed companies by market capitalisation, not all listed companies. Statement II is correct: BRSR disclosures cover environmental, social and governance (ESG) matters, which are largely non-financial. So only II is correct.
Watch for: Two traps in Statement I: the wrong regulator (RBI instead of SEBI) and 'all' listed companies instead of the top 1,000.
Why the other options are wrong
- A. Wrong because RBI does not mandate BRSR and it is not for all listed companies.
- C. Wrong because Statement I is incorrect.
- D. Wrong because Statement II is correct.
Source to check: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 34(2)(f); SEBI circular on BRSR (May 2021)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.