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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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 4th Jan, 2024

Correct Answer: Capital fund


Solution : The money in the capital fund can be used for any purpose according to the need of the entity. There is no restriction on the usage of capital funds.
Hence, the correct option is 2.

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