Which of the following statements about Central Road Fund is are correct 1 It receive...........

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Which of the following statements about Central Road Fund is/are correct?

1. It receives the cess from high speed petrol and diesel.

2. The fund received is used in development of state highways, national highways and rural roads only.

3. The amendment to Central Road Fund will enable its usage for development of national waterways as well.

Choose the correct alternative:

1 and 3 only

2 and 3 only

1 and 2 only

1, 2 and 3

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Explanation:

Central Road Fund Act, 2000: This act regulates the Central Road Fund which receive the cess from high speed petrol and diesel and is used for development of state and national highways. Rural roads and other features like over bridges, under bridges and safety features are covered under financing from the fund. The amendment will divert share of this cess towards development of inland waterways.