Question

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

Answer 1

Correct option is (d) Neither 1 nor 2

NIIF is under Department of Economic Affairs. So first statement is wrong. It was setup in Budget 2015, with Rs.40k crores, but even if counting the recent allotments till Budget 2017, the 4 lakh amount is unrealistic. So, second statement is also wrong.