Green Highways Fund - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about Green Highways Fund?

1. It will have mandatory provision to set aside 1 per cent of the total road project cost for the plantation of trees.
2. This fund will be transferred to NHAI to maintain a separate fund account called 'Green Highways Fund' to be used only for this purpose.

a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Both

Explanation:
The communication states that one per cent of the total project cost will be set apart for highway plantation and its maintenance. This fund will be transferred to NHAI to maintain a separate fund account called 'Green Highways Fund' to be used only for this purpose. NHAI will act only as a Fund Manager for maintaining the account and releasing payments based on recommendation of concerned officials and agencies.

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