UPSC Prelims 2017 – Question 55

Here is Question No. 55 a part of our series on UPSC Prelims 2017

Q55. With reference to the ‘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:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

The correct answer is Neither 1 nor 2. 

• National Investment and Infrastructure Fund (NIIF): 
• The National Infrastructure Investment Fund (NIIF) is a collaborative investment platform for international and Indian investors looking for investment opportunities in infrastructure and other high-growth sectors of the country. 
• It was established under the Securities and Exchange Board of India (SEBI) Regulations as a Category II Alternate Investment Fund (AIF). Hence, Statement 1 is not correct. 
• It was India’s first infrastructure-specific investment fund, established in February 2015 by the Government of India. 
• The fund’s total corpus is Rs. 40000 Crore. Hence, Statement 2 is not correct. 

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