Consider the following statements about national small savings fung NSSF 1 all small savings collect...........

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Consider the following statements about national small savings fung(NSSF) :

1. all small savings collections are credited to the consolidated fund of india

2. the transactions under NSSF do not impact the fiscal deficit of the centre directly

which of the above statements are correct ?

1 only

2 only

both 1 and 2

neither 1 nor 2

Explanation:

it is administered by government of india and ministry of finance. The objective of NSSF is to de- link the small savings transactions from the consolidated fund of india . Since it operates in public account , its transactions do not impact the fiscal deficit of the centre directly