UPSC CSE Prelims 2010 Q134 — Indian Economy PYQ with Answer

With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements :

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 statements given above is/are correct ?