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
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
