Q. With reverence to India-Japan Fund (IJF) consider the following statements:
1.The fund has been launched by National Investment and Infrastructure Fund (NIIF) in collaboration with the Japan Bank for International Cooperation (JBIC).
2.The fund invests in making infrastructure more resilient to natural disasters and in training people to mitigate the effects of these disasters..
Select the correct statements using the codes given below:
Answer: A
Notes:
Explanation –
Statement 1 is correct. IJF has been launched by National Investment and Infrastructure Fund (NIIF) in collaboration with the Japan Bank for International Cooperation (JBIC). This fund is NIIF’s first bi-lateral fund.
Statement 2 is incorrect. The Fund will focus on investing in environmental sustainability and low carbon emission strategies and aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India.
Source: ForumIAS
