With reference to the Foreign Contribution (Regulation) Amendment Act, 2020, consider the following statements:1. According to the amendment foreign contribution can be received in any branch of the State Bank of India.2. Public Servants are prohibited to accept any foreign contribution.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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With reference to the Foreign Contribution (Regulation) Amendment Act, 2020, consider the following statements:

1. According to the amendment foreign contribution can be received in any branch of the State Bank of India.

2. Public Servants are prohibited to accept any foreign contribution.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ - October 25, 2021

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With reference to the Foreign Contribution (Regulation) Amendment Act,...

The Centre has told the Supreme Court that NGOs have no fundamental right to receive “unbridled foreign contributions” without regulations.

It was responding to petitions challenging amendments made in the Foreign Contributions Regulations law in 2020. The petitions had argued that the amendments severely restricted the use of foreign funds by the NGOs for their activities.
The petitioners had also found it cumbersome that the new law expected 23,000 NGOs to open accounts in the main branch of the State Bank of India (SBI) in the capital to receive their foreign funds.
The Centre said the amendments were meant to ensure that foreign funds were not used to impinge upon the functioning of parliamentary institutions, political associations and other organisations in India.

Hence only statement 2 is correct.

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With reference to the Foreign Contribution (Regulation) Amendment Act, 2020, consider the following statements:1. According to the amendment foreign contribution can be received in any branch of the State Bank of India.2. Public Servants are prohibited to accept any foreign contribution.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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