Question : Examples of Restricted Fund are
Option 1: Government Grant
Option 2: Endowment Fund
Option 3: Annuity Fund, Loan Fund, Prize Fund
Option 4: All of the above
Answer (1)
19th Jan, 2024
Correct Answer: All of the above
Solution :
Restricted funds, such as government grants, endowments, annuities, loans, and prize funds, are earmarked for specific purposes by donors or governing bodies. These funds cannot be freely used for other expenses, ensuring they are dedicated to their intended objectives, such as supporting programs, providing scholarships, or funding infrastructure projects.
Hence, the correct option is 4.
Comments (0)
Related Questions
Trending Articles/News
