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With reference to the Foreign Contribution Regulation Act, consider the following statements:
1. It falls under the purview of the Ministry of Finance.
2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.
3. Foreign contribution has to be received only through banking channels.
4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.
2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.
3. Foreign contribution has to be received only through banking channels.
4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.
Select the correct Answer: using the code given below:
- a)1 and 2 only
- b)2 and 3 only
- c)3 and 4 only
- d)1, 2, 3 and 4
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Foreign Contribution Regulation Act, consider th...
In News: Recently, the Delhi High Court (HC) has asked the Ministry of Home Affairs (MHA) to consider a few changes regarding the Foreign Contribution Regulation Act (FCRA).
Statement 1 is not correct: The FCRA was first enacted in 1976 and was amended in 2010 and 2020. It falls under the purview of the Ministry of Home Affairs (MHA).
Statement 2 is correct: Even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contributions from their relatives” if the amount does not exceed Rs. 1 lakh. MHA needs to be informed for any such transaction above Rs. 1 lakh.
Statement 3 is correct: Foreign contribution has to be received only through banking channels and it has to be accounted for in the prescribed manner.
Statement 4 is not correct: In September 2020, Section 17 of the Act was amended and a new provision was inserted, which made it mandatory for all NGOs to receive foreign funds in a designated bank account at the New Delhi branch of the State Bank of India.
Statement 1 is not correct: The FCRA was first enacted in 1976 and was amended in 2010 and 2020. It falls under the purview of the Ministry of Home Affairs (MHA).
Statement 2 is correct: Even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contributions from their relatives” if the amount does not exceed Rs. 1 lakh. MHA needs to be informed for any such transaction above Rs. 1 lakh.
Statement 3 is correct: Foreign contribution has to be received only through banking channels and it has to be accounted for in the prescribed manner.
Statement 4 is not correct: In September 2020, Section 17 of the Act was amended and a new provision was inserted, which made it mandatory for all NGOs to receive foreign funds in a designated bank account at the New Delhi branch of the State Bank of India.
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Community Answer
With reference to the Foreign Contribution Regulation Act, consider th...
In News: Recently, the Delhi High Court (HC) has asked the Ministry of Home Affairs (MHA) to consider a few changes regarding the Foreign Contribution Regulation Act (FCRA).
Statement 1 is not correct: The FCRA was first enacted in 1976 and was amended in 2010 and 2020. It falls under the purview of the Ministry of Home Affairs (MHA).
Statement 2 is correct: Even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contributions from their relatives” if the amount does not exceed Rs. 1 lakh. MHA needs to be informed for any such transaction above Rs. 1 lakh.
Statement 3 is correct: Foreign contribution has to be received only through banking channels and it has to be accounted for in the prescribed manner.
Statement 4 is not correct: In September 2020, Section 17 of the Act was amended and a new provision was inserted, which made it mandatory for all NGOs to receive foreign funds in a designated bank account at the New Delhi branch of the State Bank of India.
Statement 1 is not correct: The FCRA was first enacted in 1976 and was amended in 2010 and 2020. It falls under the purview of the Ministry of Home Affairs (MHA).
Statement 2 is correct: Even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contributions from their relatives” if the amount does not exceed Rs. 1 lakh. MHA needs to be informed for any such transaction above Rs. 1 lakh.
Statement 3 is correct: Foreign contribution has to be received only through banking channels and it has to be accounted for in the prescribed manner.
Statement 4 is not correct: In September 2020, Section 17 of the Act was amended and a new provision was inserted, which made it mandatory for all NGOs to receive foreign funds in a designated bank account at the New Delhi branch of the State Bank of India.
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With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer?
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With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer?.
With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Foreign Contribution Regulation Act, consider the following statements:1. It falls under the purview of the Ministry of Finance.2. Persons prohibited to receive foreign funds are allowed to accept foreign contributions of upto Rs. 1 lakh from their relatives.3. Foreign contribution has to be received only through banking channels.4. Registered NGOs can receive foreign funds in a designated bank of their respective States or Union Territories.Select the correct Answer: using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer?.
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