Economy
2017
Infrastructure Sector
Government Schemes
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 crore at present.
It is an organ of NITI Aayog. It has a corpus of Rs. 4, 00,000 crore at present.
D.Neither 1 nor 2
A.1 only
B.2 only
C.Both 1 and 2
Correct Answer: Option D
The National Investment and Infrastructure Fund (NIIF) is structured as a fund of funds. It is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternate Investment Fund (AIF).
The total corpus of the NIIF is Rs. 40,000 Crore, not Rs. 4,00,000 crore.
Also, the NIIF is not an organ of NITI Aayog.
Statement 1 is not correct. Statement 2 is not correct. Hence, neither 1 nor 2 is correct.
Sources:
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