New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    To strengthen India’s fight against the disease,

    PM CARES Fund had been constituted. What does R stands for?
    A Response Correct Answer Incorrect Answer
    B Reconstruction Correct Answer Incorrect Answer
    C Relief Correct Answer Incorrect Answer
    D Rehabilitation Correct Answer Incorrect Answer
    E Regional Correct Answer Incorrect Answer

    Solution

    Keeping in mind the need for having a dedicated fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected, a public charitable trust under the name of ‘Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ has been set up. PM CARES Fund has been registered as a Public Charitable Trust. The trust deed of PM CARES Fund has been registered under the Registration Act, 1908 at New Delhi on 27th March, 2020. Objectives: • To undertake and support relief or assistance of any kind relating to a public health emergency or any other kind of emergency, calamity or distress, either man-made or natural, including the creation or upgradation of healthcare or pharmaceutical facilities, other necessary infrastructure, funding relevant research or any other type of support. • To render financial assistance, provide grants of payments of money or take such other steps as may be deemed necessary by the Board of Trustees to the affected population. • To undertake any other activity, which is not inconsistent with the above Objects

    Practice Next

    Relevant for Exams: