The National Investment and Infrastructure Fund (NIIF) - India's first sovereign wealth fund

1) The 40,000 crore NIIF was created in 2015 as an investment vehicle for funding which of the following kinds of projects?

a) Greenfield projects
b) Brownfield projects
c) Stalled projects
d) All of the above

2) The NIIF has been set up under which of the following departments of Ministry of Finance ?

a) Department of Revenue.
b) Department of Economic Affairs.
c) Department of Financial Services.
d) Department of Expenditure.

3) Which of the following statement is incorrect in context of NIIF ?

a) It is set up as a Trust.
b) The government stake in the fund is 51%.
c) NIIF is fund of funds.
d) Governing council headed by Finance Minister will oversight the functioning of the fund.

4) The NIIF has been set up as an ' Alternate Investment Fund' under the regulations of which of the following regulatory agencies ?

a) SEBI
b) RBI
c) NABARD
c) None of the above

Answers :

1) d
2) b
3) b, 49%, The government will invest Rs 20,000 crore in NIIF, the remaining amount will come from private investors.
4) a