Which of the following statements are true in the context of ldquo National Small Savings Fund rdquo...........

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Which of the following statements are true in the context of “National Small Savings Fund” (NSSF)"?

1) It is part of Public Account of India

2) All small savings collections and withdrawals are done in this Fund

3) The balance in the Fund is invested in Central and State Government Securities.

4) It is linked with Consolidated Fund of India

5) It is regulated by the SEBI

Codes

1, 2 and 3

2, 3, 4, and 5

1, 2 and 4

All of the above

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Explanation:

3rd and 4th statements are incorrect.

The objective of NSSF is to de-link small savings transactions from the Consolidated Fund of India and ensure their operation in a transparent and self-sustaining manner.

The Fund is administered by the Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2001, framed by the President under Article 283(1) of the Constitution.