Multiple choice general knowledge

Recently we read in the newspapers that proceeds from disinvestment of CPSUs will be channelized into National Investment Fund, which is to be maintained outside the Consolidated Fund of India. In which year NIF was launched?

  1. 2003

  2. 2005

  3. 2002

  4. 2007
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The National Investment Fund (NIF) was established in 2007 to manage proceeds from disinvestment of Central Public Sector Enterprises (CPSEs). The NIF is maintained outside the Consolidated Fund of India and its proceeds are used for financing social sector and infrastructure projects.

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