Q23 · UPSC current affairs · 6 October 2026 · PIB · Indian Institute of Corporate Affairs IICA CSR Day Trusteeship

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Consider the following statements regarding the Indian Institute of Corporate Affairs (IICA):1.IICA observed its CSR Day emphasizing the alignment of statutory CSR under the Companies Act, 2013 with Gandhian Trusteeship.2.IICA functions under the administrative aegis of the Ministry of Finance.Which of the statements given above is/are correct?

A Neither 1 nor 2
B Both 1 and 2
C 1 only
D 2 only

Correct answer: (c) 1 only

Explanation

Statement 1 is correct as IICA observed CSR Day connecting compliance with Gandhian principles. Statement 2 is incorrect because IICA functions under the Ministry of Corporate Affairs, not the Ministry of Finance.

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