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Question

Which of the following statements is/are not correct with reference to National Investment and Infrastructure Fund (NIIF)?

I. It is an entity set up by the government to provide long-term financing for infrastructure projects in the country.

II. The Foreign investors have a 100% stake in the fund.

III. It was set up in December 2015 as a Category-II Alternate Investment Fund.

Choose the correct answer using the codes given below:

A I only Correct Answer Incorrect Answer
B II only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I and II only Correct Answer Incorrect Answer
E II and III only Correct Answer Incorrect Answer

Solution

Statement I is correct -:  NIIF 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 with the rest held by foreign and domestic investors. Statement III is correct -:  It was set up in December 2015 as a Category-II Alternate Investment Fund.

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