CURRENT AFFAIRS

2020

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

Who has been appointed as auditors of Prime Minister’s Citizens Assistance and Relief in Emergency Situations (PM CARES) fund for the next three years?

A	Oportuno Corporate Solutions
B	Ravi Varshney & Associates
C	SARC & Associates
D	RPMG & Associates

Explanation:

Detailed explanation-1: -PM CARES Fund is audited by an independent auditor. Trustees of the Fund during the 2nd meeting held on 23.04.2020 decided to appoint M/s SARC & Associates, Chartered Accountants, New Delhi as the auditors of PM CARES Fund for 3 years.

Detailed explanation-2: -The PMNRF is audited by an independent auditor outside the Government. At present, Sarc & Associates, Chartered Accountants are the auditors.

Detailed explanation-3: -The Prime Minister, as the Chairperson of the Board of Trustees of the PM CARES Fund, has nominated following three trustees to the Board: Shri Justice K.T. Thomas (Retd.) Shri Kariya Munda.

Detailed explanation-4: -PMNRF focuses on all kinds of natural disasters and calamities like Cyclones, Earthquakes, Floods, Tsunamis etc. The PMNRF funds are also utilised for acid attack victims, cancer treatments, kidney transplants etc. PM CARES fund is exclusively used for COVID-19 purposes.

There is 1 question to complete.