Multiple Choice Questions on Which among the following statement s is are correct regarding to PM CARES Fund Prime Minister is th........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which among the following statement s is are correct regarding to PM CARES Fund Prime Minister is th...........

Governance Issues Accountability and Transperancy
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    Which among the following statement(s) is/are correct regarding to PM CARES Fund?

    1. Prime Minister is the ex-officio Chairman and Union Ministers of Defence, Home Affairs and Finance are ex-officio Trustees of the Fund.
    2. The fund consists entirely of voluntary contributions and does not get any budgetary support.
    3. The donations to the fund qualify to be counted as Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:
    • Prime Minister is the ex-officio Chairman of the PM CARES Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund.
    • The Chairperson of the Board of Trustees (Prime Minister) has the power to nominate three trustees to the Board of Trustees who shall be eminent persons in the field of research, health, science, social work, law, public administration and philanthropy.
    • The fund consists entirely of voluntary contributions from individuals/organizations and does not get any budgetary support.
    • Donations to PM CARES Fund qualify to be counted as Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013.

    Hence all statements are correct.

    By: Shubham Tiwari
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