Explanation
- 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.
- 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.
- 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.
- 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.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2017 · Q28 · General Studies · 2 marks
Consider the following statements: 1. The Nuclear Security Summits are periodically held under the aegis of the United Nations. 2. The International Panel on Fissile Materials is an organ of International Atomic Energy Agency. Which of the statements given above is/are correct?