Q. Proceeds of National Investment fund (NIF) can be used for:

Select the correct code from the options given below:

1 and 2 only

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2 and 3 only

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1 and 3 only

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1, 2 and 3

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Solution

The correct option is C 1 and 3 only
Explanation:

Proceeds of National Investment fund (NIF) can be used for:

To purchase shares of CPSE (Central Public Shares Enterprise) to maintain 51% ownership

Recapitalisation of Public sector banks.

Investment by the Central Government in RRBs, NABARD etc.

Equity infusion in Metro projects

Investment in Bharatiya Nabhikiya Vidyut Nigam Limited and Uranium Corporation of India Ltd

Creating Railway Infrastructure.

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