Question

Select the correct statements related to Funds of the Commission in the UGC Act.

1. All money belonging to the fund shall be deposited in such banks or invested in such manner as may, subject to the approval of the Central Government ,be decided by the Commission
2. The commission may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Commission

• A. None of these
• B. 2 only correct
• C. 1 only correct
• D. All are correct

Answer 1

Answer:

D. All are correct

Funds of the Commission- Section 16