| 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.400000 crore at present. |
| Select the correct answer using the code given below': |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: D
Solution :
Exp. [d] 1. National Investment and Infrastructure Fund (NIIF) is a fund created by the government of India for enhancing infrastructure financing in the country. This is different from the National Investment Fund. It is not an organ of NITI aayog. 2. The proposed corpus of NIIF is Rs.40000 crore (around USD 6 Billion).
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