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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