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:

1. A

   1 only

   Option (a) is 1 only. The National Investment and Infrastructure Fund is not an organ of NITI Aayog. It was set up as a government-backed fund under the Department of Economic Affairs, Ministry of Finance. Statement 1 is false, so this option is not the key.

2. B

   2 only

   Option (b) is 2 only. The announced corpus at launch was of the order of Rs 40,000 crore, not Rs 4,00,000 crore. Statement 2 is therefore false. This option is not the key.

3. C

   Both 1 and 2

   Option (c) is both 1 and 2. Both the NITI-Aayog claim and the inflated corpus figure are wrong. This option is therefore wrong.

4. D

   Neither 1 nor 2

   Neither statement stands: NIIF is a Finance Ministry / DEA investment vehicle, not a NITI Aayog organ, and the corpus figure in statement 2 is ten times too large. That is why (d) is the official key.

Summary. Official key is (d) Neither 1 nor 2. NIIF was created to crowd in long-term infrastructure capital under the Finance Ministry, not as a NITI Aayog bureau. The 2015 design spoke of about Rs 40,000 crore, not four lakh crore. Both statements fail. Candidates should not confuse NIIF with NITI Aayog’s policy role.