Question
Regarding National Investment and Infrastructure Fund
(NIIF), consider the following statements: I. It is a government-backed entity established to provide long-term capital to the country’s infrastructure sector. II. The Indian government has a 75% stake in NIIF. III. It is considered India’s quasi-sovereign wealth fund. Which of the statements above is/are not correct?Solution
Statement I is correct -: It is a government-backed entity established to provide long-term capital to the country’s infrastructure sector. Statement II is not correct -: The Indian government has a 49% stake in NIIF. Statement III is correct -: It is considered India’s quasi-sovereign wealth fund.
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