Question : Which of the following funds was created in 2005 to channelise funds received from disinvestment proceeds of PSUs?
Option 1: National Public Fund
Option 2: National Investment Fund
Option 3: Disinvestment Fund
Option 4: New Investment Fund
Correct Answer: National Investment Fund
Solution : The correct option is the National Investment Fund .
The National Investment Fund (NIF) was established in 2005 to manage funds received from the disinvestment of Public Sector Undertakings (PSUs). It channels these proceeds to finance social sector projects, including education, health and rural development, contributing to the overall economic and social development.
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