Question

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

Q: Answer-Which of the following statements is/are not correct with reference to National Investment and Infra...

Statement I is correct - NIIF is a government-backed entity established to provide long-term capital to the countrys 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.

F ? 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

B II only

C III only

D I and II only

E II and III only

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