Q. Which of the following statements is/are correct about the National Bank for Financing Infrastructure and Development (NaBFID)?

Select the correct code from the options given below:

1 and 2 only

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2 and 3 only

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1 and 3 only

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1, 2 and 3

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Solution

The correct option is B 2 and 3 only
Explanation:

Statement 1 is incorrect. The central government owns 100% shares of NaBFID. NaBFID is under the administrative control of the Department of Financial Services (DFS) in the Finance Ministry.

Statement 2 is correct. It will provide long term finances to support various infrastructure projects in India.

Statement 3 is correct. It will attract investment from private sector investors and institutional investors for infrastructure projects. It will not accept deposits from people. The source funds are from the market, government, as well as multi-lateral institutions, and are often supported through government guarantees.

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Select the correct answer using the codes given below:

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Select the correct answer using the codes given below:

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Q. Which of the following statements is/are correct about the National Bank for Financing Infrastructure and Development (NaBFID)? Select the correct code from the options given below:

Q. Which of the following statements is/are correct about the National Bank for Financing Infrastructure and Development (NaBFID)?

Select the correct code from the options given below: