UPSC Previous Year Question | Prelims GS | 2017

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

Correct Answer

Neither 1 nor 2

Explanation

NIIF is a fund management company set up by the Government of India, not an organ of NITI Aayog (statement 1 wrong), and its corpus at the relevant time was around Rs 40,000 crore, not Rs 4,00,000 crore (statement 2 wrong).

Topics: economy, infrastructure financing, national investment and infrastructure fund, niif facts