With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct ?
- 1.It is an organ of NITI Aayog.
- 2.It has a corpus of ₹ 4,00,000 crore at present.
Select the correct answer using the code given below :
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Answer: D. Statement 1 is wrong: the National Investment and Infrastructure Fund (NIIF) was set up by the Government of India in 2015 under the Department of Economic Affairs, Ministry of Finance, as a Category II Alternative Investment Fund. It is not an organ of NITI Aayog. Statement 2 is wrong: its approved corpus was ₹40,000 crore, not ₹4,00,000 crore. So neither is correct.
Watch for: The figure has one extra zero; ₹40,000 crore is the number to remember.
Why the other options are wrong
- A. Wrong because NIIF comes under the Ministry of Finance, not NITI Aayog.
- B. Wrong because the corpus was ₹40,000 crore.
- C. Wrong because both statements are false.
Source to check: Ministry of Finance, Department of Economic Affairs press releases on NIIF (pib.gov.in, 2015); niifindia.in
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.