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    Question

    ┬аWhy was the National Investment and Infrastructure

    Fund (NIIF) created?
    A To facilitate cultural development Correct Answer Incorrect Answer
    B To support scientific research Correct Answer Incorrect Answer
    C For social welfare programs Correct Answer Incorrect Answer
    D For environmental conservation Correct Answer Incorrect Answer
    E For infrastructure development Correct Answer Incorrect Answer

    Solution

    NIIF was created to provide infrastructure investment for maximizing the economic impact of commercially available projects (Greenfield Projects and Brownfield Projects). The idea to set up NIIF was addressed in the Union Budget 2015-2016 by the former Finance Minister of India, Arun Jaitley.

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