With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are cor…
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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 crores at present.
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• Correct Answer: D
• NIIF is established by the Ministry of Finance, not NITI Aayog, and is registered with SEBI as a Category II Alternate Investment Fund.
• Its proposed corpus is USD 6 billion (~Rs. 40,000 crore), not Rs. 4,00,000 crore.
• Both statements are factually incorrect.
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