Consider the following statements about National Investment Fund 1 75 percent of the annual income f...........

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Consider the following statements about National Investment Fund

1.75 percent of the annual income from NIF was to be used for financing selected social sector schemes.

2.25 percent of the fund raised through NIF was to be used to meet the capital investment requirements of profitable and revivable PSUs.

3.Under this, funds are generated from disinvestment of Central Public Sector Enterprises.

Select correct statements using the codes given below:

1 and 2 only

2 and 3 only

3 only

1 and 3 only

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Explanation:

3 only

The National Investment Fund (NIF) was indeed created for utilizing the proceeds from the disinvestment of Central Public Sector Enterprises (CPSEs).

However, the NIF was primarily intended to utilize 75% of its corpus to meet the capital investment requirements of profitable and revivable CPSEs, not for financing social sector schemes.

Therefore, the correct statement is that funds are generated from the disinvestment of Central Public Sector Enterprises, which corresponds to option 3.

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