The monies in the National Investment Fund can be used for ________: 1. Recapitalization of public sector banks 2. Purchasing the shares of CPSEs 3. Towards operating expenses of Indian Railways 4. Social Overheads such as building schools, toilets etc. Select the correct option from the codes given below:

The correct answer is: Only 1 & 2.

The National Investment Fund (NIF) is a sovereign wealth fund established by the Government of India in 2005. The NIF is managed by the Reserve Bank of India and is used to invest in a variety of assets, including shares, bonds, and real estate. The NIF is not used to fund social overheads such as building schools or toilets.

The NIF was established to provide a long-term source of funding for infrastructure projects in India. The NIF has been used to finance a number of major infrastructure projects, including the Delhi-Mumbai Industrial Corridor and the Chennai-Bangalore Industrial Corridor.

The NIF has also been used to recapitalize public sector banks and to purchase the shares of CPSEs. The NIF has been a successful investment vehicle for the Government of India and has helped to improve the infrastructure and financial sectors of the Indian economy.

Option 1 is correct because the NIF can be used to recapitalize public sector banks.

Option 2 is correct because the NIF can be used to purchase the shares of CPSEs.

Option 3 is incorrect because the NIF is not used to fund operating expenses of Indian Railways.

Option 4 is incorrect because the NIF is not used to fund social overheads such as building schools or toilets.