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Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020.
  1. Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose.
  2. The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010.
  3. The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    1, 2 
  • c)
    1, 3 
  • d)
    2, 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Foreign Contribution Regul...
Foreign Contribution Regulation (Amendment), Act 2020:
  • Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose.
  • The amendment also forbids sub-granting by NGOs to smaller NGOs who work at the grassroots.
  • The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch. No funds other than the foreign contribution should be received or deposited in this account.
  • Restriction in utilisation of foreign contribution: The act gives government powers to stop utilization of foreign funds by an organization through a “summary enquiry”.
  • Reduction in use of foreign contribution for administrative purposes: The act decreases administrative expenses through foreign funds by an organization to 20% from 50% earlier.
  • Surrender of certificate: The act allows the central government to permit a person to surrender their registration certificate.
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Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020. Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose. The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010. The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020. Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose. The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010. The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020. Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose. The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010. The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020. Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose. The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010. The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?.
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