The National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund?
(A) To boost investment in social sector projects to promote education, healthcare, and employment.
(B) To make capital investments in selected profitable PSEs to yield adequate returns.
(C) To fund revision in the pay structure of Central Government employees.

Q.

Q22. With reference to National Investment Fund (NIF), consider the following statements

1. Purpose of the fund was to receive disinvestment proceeds of central public sector enterprises and to invest the same to generate earnings

2. Earnings of the Fund were to be used for selected Central social welfare Schemes

3. Fund is part of the consolidated fund of India

Q.

Q17. Consider the following statements related to National Investment and Infrastructure Fund (NIIF):

1. NIIF is registered with SEBI as Category II Alternative Investment Fund (AIF)

2. The Purpose of the fund is to receive disinvestment proceeds of central public sector enterprises

3. 5% of the total funds collected in it becomes a part of Consolidated Fund of India

Which of the above statement(s) is/are correct?

Q.

Q2. Consider the following statements related to National Investment and Infrastructure Fund (NIIF):

1. NIIF is registered with SEBI as Category II Alternative Investment Fund (AIF).

2. The Purpose of the fund is to receive disinvestment proceeds of central public sector enterprises.

3. 5% of the total funds collected in it becomes a part of Consolidated Fund of India.

Which of the above statement(s) is/are correct?

Q.

On April 01, 2014 a company issued 15% debentures of Rs 10,00,000 at par. The debentures were redeemable at par after three years from the date of Issue. A sinking fund was set up to raise funds for redemption of debentures. The amount for the purpose was invested in 6% Government securities of Rs 100 each available at par. The sinking fund table shows that if investments earn 6% per annum, to get Re.1 at the end of 3 years, one has to invest Rs 0.31411 every year together with interest that will be earned. On March 31, 2017, all the Government securities were sold at a total loss of Rs 6,000 and the debentures were redeemed at par.

Prepare Debentures Account Sinking Fund Account, Sinking Fund Investment Account and Interest on Sinking Fund Investment Company closes its books of accounts every year on March 31.

Q. 81. Consider the following statements with reference to the National Investment Fund.
1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
2. The National Investment Fund is to be maintained within the Consolidated Fund of India.
3. Certain Asset Management Companies are appointed as the fund managers.
4. A certain proportion of annual income is used for financing select social sectors.
Which of the above statement(s) is/are correct?