New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Which of the following statements is/are not correct with reference to National Investment and Infrastructure Fund (NIIF)?

    I. It is an entity set up by the government to provide long-term financing for infrastructure projects in the country.

    II. The Foreign investors have a 100% stake in the fund.

    III. It was set up in December 2015 as a Category-II Alternate Investment Fund.

    Choose the correct answer using the codes given below:

    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    Statement I is correct -:  NIIF 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 with the rest held by foreign and domestic investors. Statement III is correct -:  It was set up in December 2015 as a Category-II Alternate Investment Fund.

    Practice Next

    Relevant for Exams:

    ×
    ×