Explain any four responsibilities of business towards government.

Answer:

1. Following rules and regulations: Business should carry on its activities according to the laws of the country and follow government policies.
2. Payment of taxes: Business should pay taxes and duties (GST, income tax, customs duty) honestly and on time, without tax evasion.
3. Avoiding corrupt practices: Business should not bribe government officials or use unfair means to get licences, contracts or favours.
4. Supporting government schemes: Business should co-operate in government programmes like Swachh Bharat, Make in India, skill development and rural development.
5. Not encouraging monopoly: Business should avoid concentration of economic power and unfair trade practices that harm public interest.
6. Supporting a stable government: Business should not try to influence politics through unfair means; it should help maintain political stability and peace.