With reference to ‘National Investment and Infra- structure 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 :
✓ Correct answer: d) Neither 1 nor 2 International Relations and Current Affairs 665
ExplanationStatement 1 is incorrect: NIIF is not an organ of NITI Aayog.It is an independent investment fund set up by the Indi- an government under the Ministry of Finance.While NITI Aayog plays a role in policy-making, it is not directly involved in man- aging the NIIF.Statement 2 is incorrect: NIIF does not have a corpus of `4,00,000 crore.The fund was initially set up with a corpus of `40,000 crore.The target corpus has been planned to increase over time, but it currently stands much lower than `4,00,000 crore.108
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