Question

Activities where a county holds resources in a trust or custodial capacity for entities or individuals outside the county are categorized as:

	A.	Business activities
	B.	Governmental activities
	C.	Proprietary activities
	D.	Fiduciary activities

Answer 1

Correct Answer:

Option(D) or Fiduciary activities is the correct answer because Fiduciary activities where the country holds resources in a trust or custodial capacity for entities or individuals outside the county. The government is taking care the money of entities or individual outside the Country.

Incorrect Answers:

Option(A) or Business activities is incorrect answer because these activities are retaliated to working and operating of the business and not related to the taking care the money of entities or individual outside the Country.

Option(B) or Business activities is incorrect answer because these activities include the general administration, education, public utility services, development of basic infrastructures and not related of holding resources or money of entities or individuals outside the countries.

Option(C) or Proprietary activities is incorrect answer because these activities includes individual or sole trading concern type of activizes not related of taking care of money of entities or individuals outside the country.

So correct answers is option(D)