BBA 1st Year Business Ethics Gandhian Philosophy of Wealth Management Very Short Question Answer

BBA 1st Year Business Ethics Gandhian Philosophy of Wealth Management Very Short Question Answer : BBA Gandhian Philosophy of Wealth Management, Philosophy of Trusteeship, Gandhiji’s Seven Greatest Social Sins. BBA Study Material Notes Question Answers Paper.

BBA 1st Year Business Ethics Gandhian Philosophy of Wealth Management Very Short Question Answer | Index

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Section-A (Very Short Answer Questions (BBA Notes)

Q.1. What do you understand by “the Gandhian philosophy of wealth management”?
Ans.
The Gandhian philosophy of wealth management is based on the principle that a wealthy man does not truly have the right to hoard wealth solely for the self; the only right he has is that to an honourable livelihood. The concept of “bk sangraha” is oriented towards the common good. This is distinct from capitalistic economies, with its attendant social ecological and psychological woes.

Q.2. List the seven deadly sins proposed by Gandhiji.

Ans. Mahatma Gandhi said that seven things will destroy us, which are enlisted below:

(a) Wealth without work.

(b) Pleasure without conscience.

(c) Knowledge without character.

(d) Commerce (business) without morality (ethics).

(e) Science without humanity.

(0 Religion without sacrifice.

(g) Politics without principle.

Q.3. What do you mean by politics without principle?

Ans. Gandhi said those who firmly believe in nonviolence should never stand for elections, but they should select representa tives who are willing to understand and practise the philosophy. Gandhi asserted that an elected representative is one on whom you have best owed your power of attorney. Such a person should be allowed to wield authority only as long as she enjoys your confidence. When politicians indulge in power games, they act without principles. To remain in power at all cost is unethical. Gandhi said when politicians (or anyone else, for that matter) give up the pursuit of truth they, or in the case of parties, would be doomed. Partisan politics, lobbying, bribing, and other forms of malpractice that are so rampant in politics today is also unprincipled. Politics has earned the reputation of being dirty. It is so because we made it dirty.

Q.4. What are the three cardinals ófGandhian philosophy?

Ans. The three cardinals of Gardhian philosophy are:

(a) Truth,

(b) Love, and

(c) Nonviolence.

Q.5. What do you understand by “Love” according to Gandhiji?

Ans. Love, has varied meanings and shades in different societies, and for different groups of people. One may instantly relate it toliking, fondness, passion, infatuation, attachment and adoration whereas, in Gandhian context, we must expand its horizon to encompass compassion, empathy, sympathy, kindness, reverence, esteem and devotion. We need to transform our mind-set from passion to compassion, from antipathy to empathy and from individuality to plurality in order to understand the expounded meaning of love.

Q.6. What is the third important element of Gandhian philosophy?

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