UPSC CSE Prelims
Question 23
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 ₹ 4,00,000 crore at present.
Select the correct answer using the code given below :
View correct answer and explanation
Correct answer: D
Correct Option: D
Explanation: The NIIF was established as an investment platform to mobilise capital for infrastructure, not as a NITI Aayog department. Its initial proposed corpus was ₹40,000 crore, not ₹4,00,000 crore.
Statement/Pair-wise Analysis:
Statement/Item 1: Incorrect - NIIF was set up as an investment fund/platform under the finance ministry framework, not a constituent organ of NITI Aayog.
Statement/Item 2: Incorrect - The originally announced corpus was ₹40,000 crore, far less than ₹4,00,000 crore.
Option-wise Analysis:
A: Incorrect - includes incorrect statement/item 1.
B: Incorrect - includes incorrect statement/item 2.
C: Incorrect - includes incorrect statement/items 1, 2.
D: Correct - none of the listed statements/items is true.