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
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.
Question : Out of the following which is Unrestricted Fund?
Option 1: Annuity Fund
Option 2: Sports Fund
Option 3: Endownment fund
Option 4: Capital fund
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 : -------------------- 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
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