State True or False with brief justifications : Any foreign contribution or any income arising out of utilization of Foreign Contribution shall be used for "speculative business".
CS Professional · CSR and Social Governance · PYQS · June 2026
State True or False with brief justifications : Any foreign contribution or any income arising out of utilization of Foreign Contribution shall be used for "speculative business".
Answer & Explanation:
False: Under the Foreign Contribution (Regulation) Act, 2010 (FCRA), any Foreign Contribution or any income (interest, rent, enterprise or FD etc.) arising out of utilization of Foreign Contribution shall not be used for "speculative business". Such funds must be utilized only for the objectives for which they were received and in accordance with the provisions of FCRA.
Topics: Foreign Contribution (Regulation) Act, 2010
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