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Question

Q25. Consider the following statements:
1. A sovereign wealth fund (SWF) consists of pools of money derived from a country’s reserves
2. National Infrastructure and Investment Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
Which of the above statements are correct?

A
a) 1 only
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B
b) 2 only
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C
c) Both 1 and 2
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D
d) Neither 1 nor 2
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Solution

The correct option is C c) Both 1 and 2

Sovereign Wealth Fund
A sovereign wealth fund (SWF) consists of pools of money derived from a country’s reserves, set aside for investment purposes to benefit the country’s economy and citizens.
National Infrastructure and Investment Fund (NIIF)
1. It is a fund created by the Government of India for enhancing infrastructure financing in the country.
2. Investments can be in both Greenfield and Brownfield, including stalled projects
3. It is registered as a category II alternative investment fund with SEBI


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