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With reference to the National Infrastructure Fund (NIF), consider the following statements:
1. It was set up in 2005 for channelizing the proceeds from disinvestment of Central Public Sector Enterprises.
2. The one fourth of the NIF money was used to finance social sector schemes and the remaining for capitalization of PSUs.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the National Infrastructure Fund (NIF), consider the...
In News: Finance Minister Nirmala Sitharaman had announced an ambitious disinvestment target of Rs 2.1 lakh crore during 2020-21. The National Infrastructure Fund (NIF) is related to this.
Option A is correct: It is a fund outside the Consolidated Fund of India, hosting disinvestment proceeds. The fund is under Public Accounts of India. It will be managed by different fund managers (viz UTI, SBI and LIC at present) to earn profits. 75% of these profits will be used for funding social sector schemes and 25% for reviving and funding sick PSUs.
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With reference to the National Infrastructure Fund (NIF), consider the following statements:1. It was set up in 2005 for channelizing the proceeds from disinvestment of Central Public Sector Enterprises.2. The one fourth of the NIF money was used to finance social sector schemes and the remaining for capitalization of PSUs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the National Infrastructure Fund (NIF), consider the following statements:1. It was set up in 2005 for channelizing the proceeds from disinvestment of Central Public Sector Enterprises.2. The one fourth of the NIF money was used to finance social sector schemes and the remaining for capitalization of PSUs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the National Infrastructure Fund (NIF), consider the following statements:1. It was set up in 2005 for channelizing the proceeds from disinvestment of Central Public Sector Enterprises.2. The one fourth of the NIF money was used to finance social sector schemes and the remaining for capitalization of PSUs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the National Infrastructure Fund (NIF), consider the following statements:1. It was set up in 2005 for channelizing the proceeds from disinvestment of Central Public Sector Enterprises.2. The one fourth of the NIF money was used to finance social sector schemes and the remaining for capitalization of PSUs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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