Skip to content

CS Professional · Intellectual Property Rights - Law and Practice · Biological Diversity

For the financial year just ended, a BMC has maintained accounts and its Local Biodiversity Fund custodian has prepared the annual statement. Which compliance sequence matches the Act as amended in 2023?

Accounts are audited in the manner prescribed by the State Government. The audited copy with the auditor's report goes to the local body and the State Biodiversity Board. The Local Biodiversity Fund custodian submits the annual statement to the local body, with a copy to the State Board, under sections 45 and 46.

  1. AAccounts are audited in the manner prescribed by the State Government; audited accounts with auditor's report go to the local body and the State Biodiversity Board; the annual statement goes to the local body with a copy to the State BoardCorrect
  2. BAccounts are audited by the Comptroller and Auditor General; both audited accounts and the annual statement go only to the National Biodiversity Authority
  3. CAccounts need no audit; only the annual statement goes to the State Biodiversity Board
  4. DAudited accounts go only to the State Government, and the annual statement goes only to the Central Government

Explanation

Section 46 requires the BMC to maintain accounts audited as prescribed by the State Government and to furnish the audited accounts with the auditor's report to the local body concerned and the State Biodiversity Board by the prescribed date. Section 45 requires the custodian of the Local Biodiversity Fund to submit the annual statement to the local body with a copy to the State Board. The National Authority is not the recipient.

Did you get it right without looking?

One question tells you little. A timed set on Biological Diversity shows your real accuracy, how long you take and where you lose marks.

Practise Biological DiversityFree diagnostic mock

More Biological Diversity questions