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Context: The Central Bureau of Investigation (CBI) conducted searches at Oxfam India.
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Must Read Articles:
Foreign Contribution Regulation Act (FCRA): https://iasgyan.in/daily-current-affairs/foreign-contribution-regulation-act-fcra-4
Oxfam India report “Survival of the Richest: The India story”: https://www.iasgyan.in/daily-current-affairs/oxfam-report-on-rich-poor-divide
PRACTICE QUESTION Q. Which of the following statements is/are correct about the Foreign Contribution Regulation Act (FCRA)? 1. It was enacted in 1976 to regulate foreign donations and ensure that such contributions do not adversely affect the internal security of the country. 2. It prohibits the acceptance and utilization of foreign contributions for any activities detrimental to the national interest. 3. It allows individuals to accept foreign contributions without the permission of the Ministry of Home Affairs. 4. It requires all associations or companies receiving foreign funds to open a designated "FCRA Account" in any Public Sector Bank. Select the correct answer using the code given below: A) 1 and 2 only B) 2 and 3 only C) 3 and 4 only D) 4 and 1 only Answer: A Explanation: Statement 3 is incorrect: Individuals are not permitted to accept foreign contributions without permission of the MHA. Statement 4 is incorrect: The requirement of opening a designated "FCRA Account" in the SBI was introduced in 2020 by an amendment to the FCRA Act. |
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