Consider the following statements regarding the Foreign Contribution (Regulation) Act (FCRA): Statement I: Under the FCRA updates, NGOs are legally permitted to freely transfer received foreign contributions to other registered NGOs at their own discretion. Statement II: The 2020 amendment made it mandatory for all foreign contributions to be received exclusively in a designated branch of the State Bank of India in New Delhi. Which one of the following is correct?

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Indian Polity · Polity

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement I is incorrect, but Statement II is correct.

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Answer 1

Statement I is incorrect, but Statement II is correct.

Answer 2

Statement I is correct, but Statement II is incorrect.

Answer 3

Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.

Answer 4

Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.

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