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      Question

      Consider the following statement: I. Finance

      ministry has allowed public sector undertakings (PSUs) to invest in debt schemes of all mutual funds. II. Earlier CPSEs only investment in public sector mutual funds only, in which the government held more than 50% share. III. The period of maturity of any instrument of investment shall not exceed one year from the date of investment. Which of the above statement is/are correct?
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II only Correct Answer Incorrect Answer
      E I, II and III only Correct Answer Incorrect Answer

      Solution

      The finance ministry has allowed public sector undertakings (PSUs) to invest in debt schemes of all mutual funds. Earlier, provisions limited central public sector enterprises (CPSEs) to investment in public sector mutual funds only, in which the government held more than 50 percent share. The period of maturity of any instrument of investment shall not exceed one year from the date of investment, except in case of term deposits with banks and government securities where it can extend up to three years.

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