Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.
Option 1: Prize fund
Option 2: General Reserve
Option 3: Capital Fund
Option 4: None of the above
Correct Answer: Prize fund
Solution : A Prize Fund is a fund set up to be used for distribution as prizes for achievements or contributions to the welfare of society. A prize fund represents a segregated pool of resources particularly assigned for disbursing rewards or recognition, often for accomplishments or contributions to societal welfare. Hence, the correct option is 1.
Question : ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.
Question : Grant received from the Government for a specific purpose is restricted to be used for the purpose it is granted is known as
Question : Choose which of the following statements is true?
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