With reference to National Investment and Infrastructure Fund, which of the following statements is/are correct? 1.It is an organ of NITI Aayog. 2.It has a corpus of Rs. 4, 00,000 crore at present. Select the correct answer using the code given below:

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Q: 55 (IAS/2017)
With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?
1.It is an organ of NITI Aayog.
2.It has a corpus of Rs. 4, 00,000 crore at present.
Select the correct answer using the code given below:

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,45,61,26,23,12,45

keywords: 

{'national investment': [0, 0, 0, 1], 'crore': [0, 0, 1, 0], 'niti aayog': [2, 0, 0, 2], 'infrastructure fund': [0, 0, 0, 2], 'organ': [3, 0, 1, 0], 'corpus': [0, 0, 0, 1]}

The National Investment and Infrastructure Fund (NIIF) is not an organ of NITI Aayog, making statement 1 incorrect. The NIIF is a fund created by the Government of India for enhancing infrastructure financing in the country.

Statement 2 is also incorrect because the corpus of NIIF is not Rs. 4,00,000 crore. The NIIF was initially proposed to be of the size of Rs. 40,000 crore.

Hence, option 4 (Neither 1 nor 2) is the correct answer because both of the statements mentioned about the National Investment and Infrastructure Fund are inaccurate. The NIIF has a different purpose and corpus size than what is stated.