With reference to 'National Investment and Infrastructure Fund', which of the following statements i

Q: What is UPSC Prelims?

UPSC Prelims is a competitive examination conducted in India. This question is from the 2017 UPSC Prelims Economy paper.

Q: How can I prepare for UPSC Prelims Economy?

To prepare for UPSC Prelims Economy, practice previous year questions (PYQs), understand concepts thoroughly, and solve mock tests regularly. This 2017 question covers Industry & Infrastructure – Make in India, PLI & FDI Policy topic.

Q: What is the difficulty level of this question?

This UPSC Prelims 2017 Economy question has a medium difficulty level and is marked as an important question.

Q: Where can I find more UPSC Prelims previous year questions?

You can find more UPSC Prelims previous year questions on AspirantMitraa. Browse by subject, topic, year, and difficulty level to practice effectively.

Question

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:

Accepted Answer

Correct Answer: D — Neither 1 nor 2Solution:Statement 1 — NIIF is an organ of NITI Aayog: This is incorrect. The National Investment and Infrastructure Fund (NIIF) was created by the Government of India to enhance infrastructure financing. It was announced in Union Budget 2015-16. Its Governing Council is an advisory body chaired by the Finance Minister. NIIF is not an organ of NITI Aayog — it functions as a separate entity under the Ministry of Finance. ✗Statement 2 — Corpus of Rs. 4,00,000 crore: This is incorrect. The proposed corpus of NIIF is Rs. 40,000 crore (approximately USD 6 billion), not Rs. 4,00,000 crore. This question uses deceptive presentation — the figure looks similar but is off by a factor of ten. ✗Why other options are incorrect:Options A, B, C: Both statements are factually wrong, making D the only correct answer.Key Concept: NIIF was set up as a Category II Alternative Investment Fund (AIF) registered with SEBI. It aims to attract investment from domestic and international sources into India's infrastructure sector. There are three funds under NIIF: the Master Fund (for core infrastructure), the Fund of Funds (for investing in other funds), and the Strategic Opportunities Fund. The deceptive use of Rs. 4,00,000 crore (instead of the actual Rs. 40,000 crore) is a classic UPSC technique to test whether candidates have precise knowledge rather than just superficial familiarity with a topic.

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:

Master UPSC Prelims with Our Test Series

More Questions from Industry & Infrastructure – Make in India, PLI & FDI Policy

Frequently Asked Questions

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:

Master UPSC Prelims with Our Test Series

More Questions from Industry & Infrastructure – Make in India, PLI & FDI Policy

Frequently Asked Questions