gs1medium

With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct?

  1. 1.It is an organ of NITI Aayog.
  2. 2.It has a corpus of ₹4,00,000 crore at present.

Select the correct answer using the code given below:

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
▶ Answer & Explanation

Correct answer: D. Neither 1 nor 2

The National Investment and Infrastructure Fund (NIIF) was established as an AIF (Alternative Investment Fund) and is not an organ of NITI Aayog, although it seeks to attract investment for infrastructure. Its initial corpus was ₹40,000 crore, not ₹4,00,000 crore, and it operates as a fund manager rather than a direct government body.

Source: UPSC gs1 2017

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