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. |
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.You need to login to perform this action.
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