UPSC General Studies Sample Paper General Studies Sample Paper-6

  • question_answer
    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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