| A. These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns. |
| B. These are the funds which were accumulated by some people over the years but were not put in active circulation as they retain them as Black Money for several years. |
| C. The funds which are created to be used as relief funds or bail out packages are known as sovereign funds. |
| Select the correct answer using the codes given below: |
A) Both B & C
B) Only B
C) Only C
D) Only A
E) None of these
Correct Answer: D
Solution :
A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency operations, the proceeds of privatizations, governmental transfer payments, fiscal surpluses, and / or receipts resulting from resource exports.
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