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    Question

    Which of the following statement is/are incorrect

    regarding the ā€œNational Small Saving Fundā€? The National Small Savings Fund (NSSF) has recently been set up in the public account of India. The Fund is administered by theĀ 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 isĀ used by the central governmentĀ to finance itsĀ fiscal deficit.
    A I and II only Correct Answer Incorrect Answer
    B III only Correct Answer Incorrect Answer
    C II and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    National Small Savings Fund (NSSF) in theĀ Public Account of India was established in 1999. The Fund is administered by theĀ Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2001,Ā framed by the President underĀ Article 283(1) of the Constitution.

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