| Which of the following statements is/are correct about the Prime Minister's National Relief Fund (PMNRF). |
| 1. It was established with public contribution to assist displaced persons from Pakistan. |
| 2. The fund consists entirely of public contributions and does not get any budgetary support. |
| 3. The corpus of the fund is invested with banks in fixed deposits. |
| 4. Disbursements are made with the approval of the Prime Minister. |
A) 1 and 2
B) 3 and 4
C) 1 and 3
D) All of these
Correct Answer: D
Solution :
[d] In pursuance of an appeal by the then Prime Minister, Pt Jawaharlal Nehru in January, 1948 the Prime Minister's National Relief Fund (PMNRF) was established with public contributions to assist displaced persons from Pakistan. The resources of the PMNRF are now utilised primarily to render immediate relief to families of those killed in natural calamities like foods, cyclones and earthquakes etc and to the victims of the major accidents and riots. Assistance from PMNRF is also rendered, to partially defray the expenses for medical treatment like heart surgeries, kidney transplantation, cancer treatment etc. The fund consists entirely of public contributions and does not get any budgetary support. The corpus of the fund is invested with banks in fixed deposits. Disbursements are made with the approval of the Prime Minister. PMNRF has not been constituted by the Parliament. The fund is recognised as a Trust under the Income Tax Act and the same is managed by Prime Minister or multiple delegates for national causes. PMNRF is exempt under Income Tax Act. Prime Minister is the Chairman of PMNRF and is assisted by Officers/Staff on honorary basis.
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