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Question

  For receiving grant from abroad under the Foreign Contribution Regulation Act, which of the following would give permission for the same?

A Financial Markets and Regulations Department, RBI Correct Answer Incorrect Answer
B Foreign Exchange Department, RBI Correct Answer Incorrect Answer
C Department of Regulations, RBI Correct Answer Incorrect Answer
D International Department, RBI Correct Answer Incorrect Answer
E Approval from GoI is required, not RBI Correct Answer Incorrect Answer

Solution

Section 11 of the FCRA, 2010 prescribes that no person, save as otherwise provided in the Act, shall accept foreign contribution unless such person obtains a certificate of registration or prior permission of the Central Government.

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