Solved IB ACIO Question
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Q · Security Challenges from NGOs/External FundingEasy · 45s
A key compliance under FCRA is that NGOs must open a bank account in:
TopicSecurity Challenges from NGOs/External Funding
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
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The 2020 amendment mandates NGOs to receive foreign contributions in an SBI branch in New Delhi.
Final Answer: Option B — State Bank of India, New Delhi branch