Question

Q22. With reference to National Investment Fund (NIF), consider the following statements

1. Purpose of the fund was to receive disinvestment proceeds of central public sector enterprises and to invest the same to generate earnings

2. Earnings of the Fund were to be used for selected Central social welfare Schemes

3. Fund is part of the consolidated fund of India

• A. a) 1 and 2 onl
• B. b) 2 and 3 only
• C. c) 1 and 3 only
• D. d) All of the above

Answer 1

The correct option is C 1 and 2 only

National Investment Fund (NIF)

The Purpose of the fund was to receive disinvestment proceeds of central public sector enterprises and to invest the same to generate earnings without depleting the corpus. The earnings of the Fund were to be used for selected Central social welfare Schemes. This fund is kept outside the consolidated fund of India