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
Answer (1)
22nd Jan, 2024
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.
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