National Investment and Infrastructure Fund
Question
With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct?
Select the correct answer using the code given below:
- 1.
It is an organ of NITI Aayog.
- 2.
It has a corpus of ₹4,00,000 crore at present.
Options
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Explanation
Statement 1 is incorrect. The National Investment and Infrastructure Fund (NIIF) is not an organ of NITI Aayog. It was established as an independent fund structure under the Ministry of Finance with a regulatory framework, operating as a sovereign wealth fund vehicle. Statement 2 is also incorrect regarding the corpus amount mentioned. While the NIIF was initially announced with a corpus target of ₹40,000 crore (not ₹4,00,000 crore), the exact corpus present at any given time varies and this specific figure may not be accurate for 2017. The NIIF is managed independently and operates under its own governance structure. Therefore, neither statement 1 nor statement 2 is correct. > NIIF = Independent Fund (Not NITI Aayog Organ); Corpus ≠ ₹4,00,000 Crore.
Answer: (d).
Question details
Year
2017
Paper
GS Paper 1
Question
Q55
Subject
Economy
Sub-topic
Government initiatives - Infrastructure
Type
Statement-based
Difficulty
Medium
Nature
Current-affairs-linked
Source hint
Current Affairs 2015-2017
See all questions on Government initiatives - Infrastructure
Browse every tagged question across all years