Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — 3 and 4
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: The NIF is managed professionally by appointed public sector Fund Managers/AMCs (like UTI, SBI, LIC AMCs), not directly by the Ministry of Finance. Statement 2 is incorrect: The National Investment Fund (NIF) was constituted outside the Consolidated Fund of India as a separate entity. Statement 3 is correct: Public sector Asset Management Companies act as professional fund managers. Statement 4 is correct: Broad guidelines allocated 75% of the annual income from NIF for financing social sector schemes (such as education and healthcare) and 25% for capital revival of profitable CPSEs.
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