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Consider the following statements regarding the proposed National Research Foundation (NRF).
  1. The main objective of the NRF is to boost private sector contribution to research in India.
  2. The Department of Science and Technology (DST) will be the administrative department of NRF.
  3. The money given to it would be controlled by the general financial rules laid down by the Ministry of Finance.
How many of the above statements are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the proposed National Rese...
Statement 1: The main objective of the NRF is to boost private sector contribution to research in India.
This statement is incorrect. The main objective of the proposed National Research Foundation (NRF) is to promote and fund research in India, with a focus on improving the quality of research and innovation. While the NRF aims to encourage collaboration between academia, industry, and government, boosting private sector contribution is not the sole objective. The NRF intends to support research across various sectors and disciplines, including social sciences, natural sciences, engineering, and technology.

Statement 2: The Department of Science and Technology (DST) will be the administrative department of NRF.
This statement is incorrect. The Department of Science and Technology (DST) will not be the administrative department of the NRF. The NRF will function as an autonomous body and will have its own governing council and executive committee. The NRF will operate independently to ensure impartiality and effective decision-making. The DST, along with other relevant ministries and departments, will collaborate with the NRF to provide policy guidance and support.

Statement 3: The money given to it would be controlled by the general financial rules laid down by the Ministry of Finance.
This statement is correct. The money provided to the NRF will be governed by the general financial rules outlined by the Ministry of Finance. This ensures transparency and accountability in the utilization of funds. The NRF will be responsible for managing its budget, following financial rules, and maintaining proper records of expenditure. The Ministry of Finance may also establish certain financial guidelines and procedures specifically for the NRF to ensure efficient financial management and compliance.

Therefore, only two of the given statements are correct.
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Community Answer
Consider the following statements regarding the proposed National Rese...
Statement 3 is incorrect.
  • The proposed National Research Foundation (NRF), is a new centralised body to fund research.
  • The two main objectives of the NRF are to boost private sector contribution to research in India and ensure that a greater slice of the funds apportioned by the government make its way to State universities and colleges.
  • The Department of Science and Technology (DST) will be the administrative department of NRF, which will be governed by a board consisting of eminent researchers and professionals across disciplines.
  • NRF’s functioning will be governed by an executive council chaired by the Principal Scientific Adviser to the Government of India.
  • The NRF was envisioned as a body that would be autonomous. The money given to it wouldn’t be controlled by the general financial rules (laid down by the Ministry of Finance) and the CEO as well the board would have autonomy in directing research funds. The proposed structure, however, has both the Science Minister and Education Minister as vice-presidents. The Science Ministry will administratively control it.
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Consider the following statements regarding the proposed National Research Foundation (NRF). The main objective of the NRF is to boost private sector contribution to research in India. The Department of Science and Technology (DST) will be the administrative department of NRF. The money given to it would be controlled by the general financial rules laid down by the Ministry of Finance.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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