Civil Services Prep

Prelims 2017 · Economy · Question 5

With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? 1. It is an organ of NITI Aayog. 2. It has a corpus of Rs. 4,00,000 crore at present. Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Neither 1 nor 2

1. It is an organ of NITI Aayog. NIIF is not an organ of NITI Aayog. It is a government-backed investment platform/fund manager set up in 2015, with the Government of India as an anchor investor. Verdict: Incorrect.

2. It has a corpus of Rs. 4,00,000 crore at present. This is incorrect. NIIF was conceived with a much smaller corpus/target size; the figure Rs. 4,00,000 crore does not match NIIF’s corpus. Verdict: Incorrect.

Since both statements are incorrect, the correct answer is (d) Neither 1 nor 2.

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