With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct? It is an organ of NITI Aayog. It has a corpus of Rs. 4, 00,000 crore at present. Select the correct answer using the code given below:

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

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

Select the correct answer using the code given below:

[UPSC Civil Services Exam – 2017 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: (d)

Explanation:

The National Investment and Infrastructure Fund (NIIF) serves as a collaborative investment platform that brings together both international and Indian investors seeking opportunities in infrastructure and other high-growth sectors within India.
Established in February 2015, NIIF operates as a Category II Alternate Investment Fund (AIF) under the regulations of the Securities and Exchange Board of India (SEBI). It holds the distinction of being India’s inaugural infrastructure-focused investment fund.
The total corpus of the fund amounts to Rs. 40,000 Crore.

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Tenth Schedule of Constitution of India: Important Question

The provisions in Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void?

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

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