Q. Consider the following statements regarding the National Investment and Infrastructure Fund(NIIF).
Select the correct answer using the code given below:
Q. Consider the following statements regarding the National Investment and Infrastructure Fund(NIIF).
Select the correct answer using the code given below:
The correct option is C Both 1 and 2
Explanation:
Statement 1 is correct: National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund in 2015 and is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF). A sovereign wealth fund is a state-owned investment fund composed of the money generated by the government, often derived from a country’s surplus reserves.
Statement 2 is correct: The Indian Government holds a share of 49 percent. The other investors include various insurance and pension funds, development finance institutions like Asian Development Bank, etc.
Explanation:
Statement 1 is correct: National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund in 2015 and is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF). A sovereign wealth fund is a state-owned investment fund composed of the money generated by the government, often derived from a country’s surplus reserves.
Statement 2 is correct: The Indian Government holds a share of 49 percent. The other investors include various insurance and pension funds, development finance institutions like Asian Development Bank, etc.
