Q. With reference to the National Investment and Infrastructure Fund (NIIF), consider the following statements:
1.NIIF is a Sovereign-linked Alternative Asset Manager established by the Government of India, which holds a 49% stake.
2.The governing council of NIIF is headed by the Prime Minister of India.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation:
Statement 1 is correct: NIIF is a sovereign-linked asset manager with the Government of India holding a 49% stake.
Statement 2 is incorrect: The governing council of NIIF is headed by the Finance Minister, not the Prime Minister.
Source– Newsonair
