Which one is true?begin{enumerate}item New Foreign Contribution Regulation Act has come into force.item Under the law, no political party can receive foreign funds as donation.item The act says in case of any organisation receiving funds over 10 lakh, bank will immediately inform govt. to enable agencies to track funds.item There are over 40000 organisations recieving foreign contribution in country out of which only 18000 report the inflow of funds & submit their accounts.end{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which one is true?

A	Only 4
B	2 and 4
C	Only 3
D	All are true

Explanation:

Detailed explanation-1: -The Foreign Contribution (Regulation) Act was amended in 2020 to discourage expenditure by non-government organisations (NGOs) on “unproductive items” such as “inflated staff salaries, posh buildings and office and luxurious vehicles, ” the Ministry of Home Affairs has said in its 2021-22 annual report.

Detailed explanation-2: -Who Can Apply for FCRA? Any individual, association, or company registered under the Companies Act, 2013 can receive foreign contribution, provided that they obtain the FCRA registration or prior permission from the central government.

Detailed explanation-3: -The Act prohibits the receipt of foreign funds by candidates for elections, journalists or newspaper and media broadcast companies, judges and government servants, members of legislature and political parties or their office-bearers, and organisations of a political nature.

There is 1 question to complete.