Question
Which of the following statement is/are incorrect
regarding the “National Small Saving Fund”? The National Small Savings Fund (NSSF) has recently been set up in the public account of India. The Fund is administered by the Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2019. The money in the fund is used by the central government to finance its fiscal deficit.Solution
National Small Savings Fund (NSSF) in the Public Account of India was established in 1999. The Fund is administered by the Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2001, framed by the President under Article 283(1) of the Constitution.
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