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Question : Grant received from the Government for a specific purpose is restricted to  be used for the purpose it is granted is known as

Option 1: Government Grant

Option 2: Capital Fund

Option 3: General Fund

Option 4: None of  the above


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Government Grant


Solution : Grant received from the Government for a specific purpose is restricted to be used for the purpose it is granted. A grant acquired from the Government for a distinct purpose, limited to its designated use, is termed a "Government Grant." These funds are dedicated solely to the intended project or program outlined in the grant agreement.
Hence, the correct option is 1.

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