More Questions · Q10
Q.Preparing the budget, issuing receipts for entry fees and submitting the final statement of accounts is the responsibility of the:
(a) Organising Committee
(b) Transport Committee
(c) Finance Committee
(d) Prize and Award Committee
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Start your 14-day free trial to unlock the full solution →Budget + entry-fee receipts + final statement of accounts = the complete money cycle of the tournament. Answer: (c) Finance Committee.
Concept understanding — the committees of a sporting event
An Organising Committee sits at the top and delegates the work to specialist committees, each with a clearly separated set of duties. This separation is deliberate: it prevents overlap and, in the case of money, it keeps a single accountable body.
| Committee | Its duties |
|---|---|
| Organising Committee | The apex body — overall planning and supervision; forms the other committees; takes final decisions |
| Finance Committee | Prepares the budget; collects entry fees and issues receipts; sanctions and records all expenditure; presents the final, audited statement of accounts |
| Technical Committee | Ensures the rules of the game are followed; appoints and briefs the officials; equipment and playfield specifications |
| Publicity Committee | Invitations, posters, media coverage, announcements |
| Ground and Equipment Committee | Marking the field, nets, mats, balls, seating |
| Refreshment / Boarding & Lodging | Food, water, accommodation for teams and officials |
| Transport Committee | Travel of teams, officials and equipment |
| Medical / First-Aid Committee | Doctors, first-aid, ambulance, physiotherapy, doping control |
| Reception Committee | Receiving and welcoming the guests, teams and dignitaries |
| Prize / Award Committee | Trophies, medals, certificates; the prize-distribution ceremony |
| Announcement Committee | Public-address announcements of results and instructions |
Reading the stem
Three clues, all pointing the same way:
- "Preparing the budget" — the financial plan of the tournament: expected income (entry fees, sponsorship, donations) against expected expenditure.
- "Issuing receipts for entry fees" — collecting income and giving a written acknowledgement, so that every rupee received is traceable.
- "Submitting the final statement of accounts" — the closing financial report showing total income, total expenditure and the balance.
Budgeting, receipts, records, final accounts — this is the complete money cycle, and it is the Finance Committee's cycle. …
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