The establishment of a fund called PM CARES has resulted in a decline in both the economic transactions within the country and the revenue received by the government. To get out of this terrible situation, the Prime Minister has established a fund called "PM CARES" and has also appealed to the people to donate more and more. The form of the disaster has been national or international, mankind has always been active in dealing with it. Has played a role. Human is still making its invaluable contribution in dealing with global disaster like Coronavirus. Mankind is making its invaluable contribution such as doctors, health workers, policemen, scavengers, workers by providing essential goods to the needy. Let's know much more about the PM CARES.
1. When was the Prime Minister National Relief Fund established?
A. January, 1948
B. January, 1949
C. January, 1950
D. January, 1952
2. When was PM CARES established in emergency situations?
A. 08 March 2020
B. 18 March 2020
C. 28 March 2020
D. 29 March 2020
3. Which is the meaning of PM CARES?
A. PM Citizens Assistance and Rafael in Emergency Situations
B. PM Crucial Assistance and Relief in Emergency Situations
C. PM Citizens Assistance and Relief in Emergency Situations
D. None of these
4. Who has the right to allocate funds from the Prime Minister's National Relief Fund and to choose the beneficiary?
A. To prime minister
B. President
C. Finance Minister
D. All of the above
5. Who is the Chairman of Prime Minister National Relief Fund?
A. Prime minister
B. President
C. Finance Minister
D. None of these
6. What is the main use of funds of the Prime Minister National Relief Fund?
A. Cyclone and earthquake
B. To provide immediate relief to the victims of accidents and riots
C. Flooding
D. All of the above
7. Funds are disbursed only with the approval of...
A. President
B. Finance Minister
C. Prime Minister
D. All of the above
8. Under which Act of Income Tax is the Prime Minister National Relief Fund exempt from filing income tax returns?
A. Income Tax Act, 1950
B. Income Tax Act, 1960
C. Income Tax Act, 1961
D. Income Tax Act, 1962
9. Trusts in India operate under the which Indian Trust Act?
A. Under the Act, 1880
B. Under the Act, 1881
C. Under the Act, 1882
D. Under the Act, 1883
10. Since when does the Prime Minister have the right to allocate funds from the Prime Minister's National Relief Fund and to choose the beneficiary?
A. Since 1945
B. Since 1965
C. Since 1975
D. Since 1985
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