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Multiple Choice Questions

With reference to lsquo National Investment and Infrastructure Fund rsquo which of the following sta...........

Economic and social issues (RBI) Social Infrastructure

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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 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

National Investment and Infrastructure Fund is India’s first sovereign wealth fund that was set up by the Government of India in February 2015. Governing Council of NIIF is an advisory body - chaired by the Finance Minister. It is not an organ of NITI Aayog. Hence statement 1 is not correct

NIIF has been structured as a fund of funds and set up as Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. Total corpus of the fund is Rs. 40000 Crore.

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