Consider the following statements regarding Nirbhaya Fund 1 Instituted 2013 the Fund supports s...........

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Consider the following statements regarding Nirbhaya Fund-

1. Instituted 2013, the Fund supports schemes for safety of women.

2. The Fund is administered by Department of Economic Affairs of the finance ministry.

Which of the above statements is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Nirbhaya Fund was set up in 2013 in the aftermath of the gang rape of a paramedical student in a moving bus in New Delhi in December 2012 with an initial corpus of ?1,000 crore.

The corpus was to be utilised for upholding safety and dignity of women.
Ministry of Women and Child Development apart from several other concerned ministries were authorised to work out details of structure, scope and application of this fund.
The Fund is administered by Department of Economic Affairs of the finance ministry.