2016 · Q98
Which one of the following statements is not correct?
General KnowledgeIndian Economy
- ACreation of National Investment and Infrastructure Fund (NIIF) was announced in the Union Budget, 2015-16.
- BNIIF is a fund for enhancing infrastructure facility in the country.
- CNIIF and NIF (National Investment Fund) are the names of the same organization.
- DNIIF can have more than one alternative investment fund.
Explanation
The National Investment and Infrastructure Fund was announced in the Union Budget 2015–16 as an infrastructure fund that can sponsor multiple alternative investment funds (a, b, d true). It is distinct from the older National Investment Fund created in 2005 from disinvestment proceeds — so (c), equating the two, is not correct.