Loading...
UPSC 2017: 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 ₹ 4,00,000 crore at present. Select the correct answer using the code given below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Attempt This Question
Not attemptedCorrect Answer: (d) Neither 1 nor 2
NIIF is registered as a Category II Alternative Investment Fund and functions as a quasi-sovereign wealth fund; it is NOT an organ of NITI Aayog. Its originally approved corpus was about ₹40,000 crore, not ₹4 lakh crore. Hence both statements are incorrect. ([edukemy.com](https://edukemy.com/blog/upsc-prelims-2017-question-55/?utm_source=openai))
Related Current Affairs
Related UPSC Questions
More from Infrastructure & Industry
2016moderate
What is/are the purpose/purposes of 'District Mineral Foundations' in India? 1. Promoting mineral exploration activities in mineral-rich districts 2.
2015moderate
The substitution of steel for wooden ploughs in agricultural production is an example of
2019moderate
Consider the following statements: 1. Coal sector was nationalised by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated o
Related Indian Economy Topics
Frequently Asked Questions
What is the correct answer to this UPSC 2017 Indian Economy question?▼
The correct answer is option (d): Neither 1 nor 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Infrastructure & Industry question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2017, GS Paper 1, as Question 55. It falls under Indian Economy > Infrastructure & Industry.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Infrastructure & Industry?▼
UPSC has asked 74 questions from Infrastructure & Industry (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.