Current Affairs Exam  >  Current Affairs Questions  >  Regarding the development finance institution... Start Learning for Free
Regarding the development finance institution (DFI), consider the following statements:
1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.
2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Regarding the development finance institution (DFI), consider the foll...
The Union Cabinet has cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.
  • By setting it up, Government can leverage around Rs 3 trillion from the markets in a few years to provide long-term funds to infrastructure projects as well as for development needs of the country.
  • Besides, the government will give Rs 5,000 crore as grant to the institution. The grant has been provided as tax-saving bonds.
  • The amount will provide for the hedging cost if the DFI borrows from multilateral or bilateral institutions and it will subsidise the guarantee fee.
  • The DFI will be fully government-owned initially and the promoter’s stake will be brought down to 26 per cent in the next few years. At all times, the government will continue to hold 26 per cent in the entity.
  • The government will provide a 10-year tax exemption to funds invested in the DFI to attract long-term players such as insurance and pension funds.
View all questions of this test
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
Question Description
Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Regarding the development finance institution (DFI), consider the following statements:1. The Union Cabinet has recently cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore.2. The DFI will be fully government-owned initially, and the promoter’s stake will be brought down to 26 per cent in the next few years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev