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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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