Answer:
Road accident funds(RAF):
- The road accidents funds(RAF) are the amount of monetary funds or money in simple worlds which are present to cover the expenses if any individual faces road accidents or some mishap on road. As the monetary funds are allowed to cover all the expenses regarding the treatment or the diagnosis of the medical complications.
- Each government has a number of solution to cooperate with the effected person, as there some channels through which the funds are received by the effected person. As there four main ways in which the government can ensure that road accident fund operates more effectively.
Step-by-step explanation:
The four main ways are as follow:
- Giving more space and funds to the renewable energy resources:The government on adding more funds in order to sponsor the projects relating the renewable energy resources can increase the availability of monetary funds to the effected person facing any road accidents or mishaps while traveling. As the projects can generate more revenue in order to add them with the road accident funds(RAF).
- Toll tax and raising tariffs on travel by national highways: Raising the tariffs on the high way traveling can generate more funds for helping out the affected people or the individuals who have faced any road accident.
- Government grants: Adding more funds by helping out running the different institutions to make awareness schemes in the different regions to generate more funds.
- Investments some funds into any project:The government or any institution can add more funds to the "road accident funds(RAF)", by investment of some of there funds in the different projects in order to generate more revenue to add more funds to the RAF.