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UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Industries and Infrastructure

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          With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements?
    1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
    2. The National Investment Fund is to be maintained within the Consolidated Fund of India.
    3. Certain Asset Management companies are appointed as the fund managers.
    4. A certain proportion of annual income is used for financing select social sectors.
    Which of the statements given above is/are correct?

    A) 1 and 2         

    B) 2 only

    C)  3 and 4         

    D) 3 only

    Correct Answer: C

    Solution :

    On 27 January 2005, the Government had decided to constitute a 'National Investment Fund' (NIF) into which realization from sale of minority shareholding of the Government in CPSEs would be channelised. This fund is managed by professionals and a part of it is used for use in social sector - like education, health care and employment.


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