New Enroll in RBI Grade B New Batch - Starts on May 21

    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

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