1.

Only 16% of registered NGOs have active bank accounts with the SBI’s main branch in Delhi, a compulsory requirement to receive foreign funds from 1 April 2021, NGOs which intend to receive foreign donations need to register themselves under which act?

A. Foreign Contribution (Regulation) Act
B. Fiscal Responsibility and Budget Management Act
C. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
D. Foreign Exchange Management Act
E. Real Estate (Regulation and Development) Act
Answer» B. Fiscal Responsibility and Budget Management Act


Discussion

No Comment Found

Related MCQs