Foreign Contribution (Regulation) Act, 2010

Under the Foreign Contribution (Acceptance or Retention of Gifts or Presentations) Rules, 2012, within how many days must a gift received abroad be reported upon return to India?

• 30

• 25

• 60

• 15

If the value of a single gift exceeds ₹5,000, what action must the recipient take as per the rules?

• Retain the gift

• Deposit it with the sponsoring ministry/department
  
  

• Sell the gift
  
  

• Report it but keep the gift

Which of the following does not require prior government permission for accepting foreign hospitality?

• Visits funded entirely by the Central/State Government

• Office-bearers of political parties

• Judges of Indian courts
  
  

• Judges of Indian courts
  
  

What is the first step in FCRA compliance for an NGO?

• Open an FCRA account at the SBI Parliament Street Branch

• Obtain a DARPAN ID from NITI Aayog’s Darpan Portal

• Seed Aadhaar details of office bearers

• Submit Form FC-2 for foreign hospitality

Every certificate of registration granted is valid for _____ from the date of issue?

• Two years

• Five years

• Seven Years

• One Year

  Banks must report foreign contributions received by unregistered entities within __

• 10 day

• 15 day

• 30 day

• 35 day

Candidates receiving foreign contributions within 45 days of nomination must report using Form ___

• FC-1

• FC-3

• FC-4

• FC-5

If foreign contributions are in-kind (Form FC-1) or securities (Form FC-1),whether separate filings are required.

• True

• False

Under the Foreign Contribution Regulation Act (FCRA), 2010, which entities are prohibited from accepting foreign contributions?

• Government agencies

• Political parties

• Foreign diplomats

• Registered educational institutions

What is the maximum percentage of foreign contributions allowed for administrative expenses without prior government approval?

• 10%

• 20%

• 30%

• 50%