Question

Which one of the following statements is not correct?
A) Creation of National Investment and Infrastructure Fund (NIIF) was announced in the Union Budget, 2015-16. B) NIIF is a fund for enhancing infrastructure facility in the country. C) NIIF and NIF (National Investment Fund) are the names of the same organization. D) NIIF can have more than one alternative investment fund.

Answer 1

Answer:

option B is correct

Explanation:

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Answer 2

NIIF and NIF (National Investment Fund) are the names of the same organization (option C) is not correct.

• The Government of India established the National Investment and Infrastructure Fund, which is the country's first sovereign wealth fund.
• National Investment Fund and National Investment and Infrastructure fund are not the name of the same organization. It was set up in the Union Budget 2015-16.
• NIIF got registered with SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015

The following are some of NIIF's primary goals:

• To raise capital using appropriate mechanisms, including off-shore credit enhancement bonds.
• To entice anchor investors to join the NIIF as partners.
• The fund's investors have looked after.
• To evaluate and approve potential investment candidates, such as companies, institutions, and projects.
• To invest in private equity through the corpus formed by Asset Management Companies (AMCs).