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    Question

    Which country's Sovereign Wealth Fund has become the

    first Sovereign Worth Fund to invest in India?
    A Qatar Correct Answer Incorrect Answer
    B UAE Correct Answer Incorrect Answer
    C Russia Correct Answer Incorrect Answer
    D USA Correct Answer Incorrect Answer

    Solution

    Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in Gujarat. ADIA has received in-principle approval from the regulatory authority at GIFT City. ADIA will be the first sovereign wealth fund to invest in India via GIFT City.

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