UPSC 2017EconomyModerate

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 ₹ 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

Correct Answer

Explanation

Option (d) is correct because NIIF is an investment vehicle established under the Department of Economic Affairs (Ministry of Finance), not NITI Aayog, and its initial corpus was ₹40,000 crore rather than ₹4,00,000 crore. Statement 1 is a common distractor because while NITI Aayog handles infrastructure policy, the NIIF is a distinct Category II Alternate Investment Fund managed by its own board. The core concept tested is the institutional oversight and specific budgetary scale of major national financial initiatives.

Infrastructure FinanceNational Investment and Infrastructure Fund (NIIF)National Investment and Infrastructure FundNIIFNITI Aayogcorpus₹ 4,00,000 croreinfrastructure development

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