Explanation:

Both statements are correct.

National Disaster Response Fund (NDRF)

• National Calamity Contingency Fund (NCCF) was renamed as National Disaster Response Fund (NDRF) with the enactment of the Disaster Management Act in 2005.

• It is defined in Section 46 of the Disaster Management Act, 2005 (DM Act).

• It is placed in the “Public Account” of Government of India under “reserve funds not bearing interest“.

• Public Accounts: It was constituted under Article 266 (2) of the Constitution. It accounts for flows for those transactions where the government is merely acting as a banker eg. provident funds, small savings etc. These funds do not belong to the government and have to be paid back at some time.

• Expenditures from it are not required to be approved by the Parliament.

Hence option 3rd is correct.