{"id":3947,"date":"2024-03-05T15:58:45","date_gmt":"2024-03-05T15:58:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=3947"},"modified":"2024-03-05T15:58:45","modified_gmt":"2024-03-05T15:58:45","slug":"national-renewal-fund-was-constituted-for-the-purpose-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/","title":{"rendered":"National Renewal Fund was constituted for the purpose of"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97db00568f4\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    providing pension for retiring employees                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    social security                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    rural reconstruction                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    restructuring &amp; modernization of industries.  Ans. d                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (d). The National Renewal Fund (NRF) was constituted in 1987 to provide financial assistance to sick and potentially viable public sector undertakings (PSUs) for their restructuring and modernization. The NRF is a non-lapsable fund, which means that it does not lapse at the end of the financial year. The NRF is managed by the Ministry of Finance, and its operations are overseen by a board of directors. The NRF has been instrumental in helping to restructure and modernize a number of PSUs, including Air India, Indian Airlines, and Steel Authority of India Limited.<\/p>\n<p>The other options <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> are incorrect. Option (a) is incorrect because the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. Option (c) is incorrect because the NRF is not a rural reconstruction fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National Renewal Fund was constituted for the purpose of<\/title>\n<meta name=\"description\" content=\"The other options are incorrect. Option (a) is incorrect because the NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. Option (c) is incorrect because the NRF is not a rural reconstruction fund.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Renewal Fund was constituted for the purpose of\" \/>\n<meta property=\"og:description\" content=\"The other options are incorrect. Option (a) is incorrect because the NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. Option (c) is incorrect because the NRF is not a rural reconstruction fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T15:58:45+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"National Renewal Fund was constituted for the purpose of","description":"The other options are incorrect. Option (a) is incorrect because the NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. Option (c) is incorrect because the NRF is not a rural reconstruction fund.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/","og_locale":"en_US","og_type":"article","og_title":"National Renewal Fund was constituted for the purpose of","og_description":"The other options are incorrect. Option (a) is incorrect because the NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. Option (c) is incorrect because the NRF is not a rural reconstruction fund.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T15:58:45+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/","url":"https:\/\/exam.pscnotes.com\/mcq\/national-renewal-fund-was-constituted-for-the-purpose-of\/","name":"National Renewal Fund was constituted for the purpose of","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T15:58:45+00:00","dateModified":"2024-03-05T15:58:45+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The other options are incorrect. Option (a) is incorrect because the NRF does not provide pension for retiring employees. Option (b) is incorrect because the NRF is not a social security fund. 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