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National Investment Fund in India is a corpus fund that mobilizes its financial receipts from __________.
Question

National Investment Fund in India is a corpus fund that mobilizes its financial receipts from __________.

A.

Proceeds of profits of Central Public Sector Undertakings

B.

Proceeds from disinvestment of Central Public Sector Undertakings

C.

Savings of General Provident Fund

D.

Contributory Pension Scheme

Correct option is B

Correct Answer: (b) Proceeds from disinvestment of Central Public Sector Undertakings
Explanation: The National Investment Fund (NIF) was established in 2005 to channelize the proceeds from the disinvestment of Central Public Sector Undertakings (CPSUs).
Key Facts (Exam-Oriented):
· The National Investment Fund (NIF) was set up in 2005.
· It mobilizes funds exclusively from the proceeds of disinvestment of CPSUs.
· The funds were initially used for social welfare schemes and modernization of CPSUs.
· Post-2013, the government decided to utilize the proceeds for funding social sector projects and reducing fiscal deficits.
· The management of NIF is overseen by public sector mutual funds.

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