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GS Paper IUPSC Prelims 2017
Current Events
Question No. 107Interactive Test Mode
00:00
+2-0.66

Q107. 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 ` 4,00,000 crore at present. Select the correct answer using the code given below :

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 ` 4,00,000 crore at present.

Select the correct answer using the code given below :

Select the correct option below (or cross out options to eliminate)
PrevNext Question

Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2017 • International Relations and Current Affairs

Correct Answer: Option (D) — Neither 1 nor 2

Concept & Option Breakdown

Standard Reference Verified
  • Statement 1 is incorrect: The National Investment and Infrastructure Fund (NIIF) was established by the Government of India (Department of Economic Affairs, Ministry of Finance) as an alternative investment fund (AIF), not as an organ of NITI Aayog.
  • Statement 2 is incorrect: NIIF was created with an initial targeted corpus of ₹40,000 crore (not ₹4,00,000 crore), with 49% government equity and the rest from domestic and international institutional co-investors.
Elimination Heuristic & Exam Approach

Watch out for exaggerated numerical values; ₹4,00,000 crore was an order of magnitude higher than the actual ₹40,000 crore corpus.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2017 (Q107)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicInternational Relations and Current Affairs → Current Events
Official Answer KeyOption (D) — Neither 1 nor 2

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Frequently Asked Questions — UPSC Prelims 2017 Q107

What is the official answer for UPSC Prelims 2017 GS Paper I Question 107 (International Relations and Current Affairs)?

The official UPSC answer key for this 2017 International Relations and Current Affairs (Current Events) question is Option (D): "Neither 1 nor 2". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2017 question belong to?

This question belongs to GS Paper I under the subject "International Relations and Current Affairs" and micro-topic "Current Events". You can explore all repeated questions from Current Events in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Current Events UPSC Prelims question using option elimination?

Watch out for exaggerated numerical values; ₹4,00,000 crore was an order of magnitude higher than the actual ₹40,000 crore corpus.

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