|Consider the following statements related to National Investment Fund (NIF).|
|1. NIF was created in 2005, to augment the funds generated from disinvestment.|
|2. NIF funds can be used for investment in social sector projects, which promote education, healthcare and employment.|
|3. Capital investment in selected profitable and revivable PSEs, can also be made from NIF funds.|
|4. This fund is maintained outside the Consolidated Fund of India.|
|Which of the statements given above are correct?|
A) 1 and 3
B) 2 and 4
C) 1 and 2
D) All of these
Correct Answer: D
Solution :[d] NIF was created in 2005 and all of the above statements are correct in this regard. The corpus of the National Investment Fund will be of a permanent nature. 75% of NIF funds will be spent in social sector and 25% of fund will be spent in capital investment requirements of profitable and revivable PSEs.
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