Foreign Contribution (Regulation) Act, 2010

Which government body is responsible for administering and enforcing FCRA, 2010 in India?

• Ministry of Finance

• Ministry of External Affairs

• Ministry of Corporate Affairs

• Ministry of Home Affairs

Which section of FCRA, 2010 deals with the power to suspend the registration certificate?

• Section 11

• Section 12

• Section 13

• Section 14

What is the penalty for the violation of FCRA, 2010?

• Fine only

• Imprisonment only

• Both fine and imprisonment

• Fine or imprisonment or both

Who are debarred from receiving Foreign Contribution?

• A candidate contesting an election

• Government servants or employee of any corporation

• Judge

• All of the above

Raja Hindustani, an office-bearer of a political party, receives foreign contribution of Rs. 9 lakh during the financial year 2022-2023 from his sister residing abroad. Mr. Raja is required to inform of such foreign contribution received to the Central Government within how many time period:

• A) With in 30 days from the date of receipt of such foreign contribution

• B) With in 3 months from the date of receipt of such foreign contribution

• C) With in 6 months from the date of receipt of such foreign contribution

• D) No intimation is required for such foreign contribution

The Certificate of registration for receiving foreign contribution was issued on 1st April, 2023 to Mr. X . What shall be the validity period for said registration:

• 31/3/2025

• 1/4/2026

• 1/4/2027

• 31/3/2028

Every person who receives FC under the act, shall submit a signed report certified by a Chartered Accountant in Form FC-4 along with _______ within _______ from the close of financial year.

• Income & Expenditure statement, receipt & payments accounts, balance sheet for every quarter year; 9 months

• Cash flow statement, balance sheet for every quarter, income & expenditure statement; 9 months

• Income & Expenditure statement, receipt & payments accounts, balance sheet for every financial year; 9 months

• Income & Expenditure statement, receipt & payments accounts, balance sheet for every financial year; 6 months

Which of the following is considered a "foreign source" under FCRA, 2010?

• a. Income from domestic investments

• b. Contributions from Indian citizens residing abroad

• c. Foreign companies operating in India

• d. All of the above

What is the maximum validity period of an FCRA registration certificate?

• a. 1 year

• b. 3 years

• c. 5 years

• d. 10 years

What is the permissible utilization of foreign contributions for administrative expenses under FCRA, 2010?

• 10%

• 20%

• 30%

• 50%