With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?
- It is an organ of NITI Aayog.
- It has a corpus of Rs. 4, 00,000 crores at present.
Select the correct answer using the code given below:
Detailed Explanation:
Answer: Option 4 — Neither 1 nor 2
The National Investment and Infrastructure Fund (NIIF) is India's first sovereign wealth fund established by the Government of India in February 2015 to provide long-term capital for infrastructure projects. It is registered with SEBI as a Category II Alternative Investment Fund, not an organ of NITI Aayog.
❌ Statement 1 – Incorrect: NIIF is not an organ of NITI Aayog; it is an independent sovereign wealth fund registered with SEBI as an Alternative Investment Fund.
❌ Statement 2 – Incorrect: The initial corpus was Rs. 20,000 crores from the Government of India as announced in Union Budget 2015-16, not Rs. 4,00,000 crores.
Question 13 of 36 Central Schemes
Practice PYQ questions from this topic across all years
Which of the following is/are the aim/aims of "Digital India" Plan of the Government...
Which of the following statements is/are correct regarding Smart India Hackathon 2017...