Question : -------------------- is set-up to grant loans for specific purposes say loan to pursue higher studies.
Option 1: Loan fund
Option 2: Annuity Fund
Option 3: Endowment fund
Option 4: None of the above
Correct Answer: Loan fund
Solution : A Loan Fund is set up to grant loans for specific purposes, say loans to pursue higher studies. It is a financial resource set aside for lending purposes by an organization or institution, typically with explicit criteria for borrowers and designated purposes for loans. Hence, the correct option is 1.
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
Question : Which of the following is an unrestricted fund?
Option 1: Sports fund
Option 2: Capital fund
Option 3: Annuity fund
Option 4: Endowment fund
Question : An ---------------- is established when a Not-for-Profit Organisation receives assets from a donor with a condition to pay a specified amount periodically to designated beneficiary or beneficiaries.
Option 1: Annuity Fund
Option 2: Endowment fund
Option 3: Government Grant
Option 4: General Fund
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