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Question : FCRA administered by the Ministry of Home Affairs stands for _____?

Option 1: Foreign Currency Regulation Act

Option 2: Foreign Contribution Regulation Act

Option 3: Foreign Contract Regulation Act

Option 4: Foreign Cartel Restriction Act


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 6th Jan, 2024

Correct Answer: Foreign Contribution Regulation Act


Solution : The correct answer is the Foreign Contribution Regulation Act .

An act passed in 2010 unifies the governing laws and deals with how contributions made abroad and foreign hospitality are acknowledged and used by particular people, associations, or businesses. The Act controls the entry and exit of foreign funds from India. By Section 32 of the Foreign Contribution (Regulation) Act of 2010 and Rule 20 of the Foreign Contribution (Regulation) Rules of 2011, applications for revision of orders must be submitted.

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