Consider the following statements about Sinking Fund:
1. It is a method of repayment of public debt.
2. It is created by the government out of budgetary revenues every year. Which of the statements given above is/are correct?



[ A ]    2 only
[ B ]    Neither 1 nor 2
[ C ]    Both 1 and 2 right
[ D ]    1 only
Answer : Option C
Explanation :
500
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