Question

    Regarding National Investment and Infrastructure Fund

    (NIIF), consider the following statements: I. It is a government-backed entity established to provide long-term capital to the country’s infrastructure sector. II. The Indian government has a 75% stake in NIIF. III. It is considered India’s quasi-sovereign wealth fund. Which of the statements above is/are not correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and III only Correct Answer Incorrect Answer
    E I, II and III only Correct Answer Incorrect Answer

    Solution

    Statement I is correct -:  It is a government-backed entity established to provide long-term capital to the country’s infrastructure sector. Statement II is not correct -:  The Indian government has a 49% stake in NIIF. Statement III is correct -:  It is considered India’s quasi-sovereign wealth fund.

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