The National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund?
(A) To boost investment in social sector projects to promote education, healthcare, and employment.
(B) To make capital investments in selected profitable PSEs to yield adequate returns.
(C) To fund revision in the pay structure of Central Government employees.

Only (A)

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Only (B)

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Only (C)

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Both (A) and (B)

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Solution

The correct option is A Both (A) and (B)
The National Development Fund was created by the Government of India a few years ago. It helps to fasten the process of economic growth. The purpose of the fund are:
(A) To boost investment in social sector projects to promote education, healthcare, and employment. For example, 150 crore is given to Calicut University.
(B) To make capital investments in selected profitable Public Sector Enterprises to yield adequate returns.

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