GK
IMPORTANT ACTS OF THE PARLIAMENT OF INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1886
|
|
|
1887
|
|
|
1888
|
|
|
1890
|
Detailed explanation-1: -An endowment is a gift to charity which, under the terms of the gift, may not be spent in its entirety. Typical endowment terms permit the expenditure of income but not principal, or limit on the percentage or amount of the fund that can be spent in any year.
Detailed explanation-2: -CHARITABLE ENDOWMENTS ACT, 1997 An Act to make better provision for the management and administration of The Hindu Religious Institutions and Charitable Endowments in the State of Karnataka.
Detailed explanation-3: -(4) An order under this section vesting property in a treasurer of Charitable Endowments shall not require or be deemed to require him to administer the property, or impose or be deemed to impose upon him the duty of a trustee with respect to the administration thereof.