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National Bank for Financing Infrastructure and Development announced in this year’s budget, approved by cabinet, will be set up with a corpus and initial grant of how much amount respectively? 
  • a)
    Rs 20,000 cr and Rs 8,000 cr 
  • b)
    Rs 20,000 cr and Rs 5,000 cr 
  • c)
    Rs 22,000 cr and Rs 5,000 cr 
  • d)
    Rs 25,000 cr and Rs 7,000 cr
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
National Bank for Financing Infrastructure and Development announced i...
The cabinet has approved a detailed proposal for setting up the developmental finance institution (DFI) that was announced in the budget last month, clearing the decks for a dedicated government-owned infrastructure financier.
The National Bank for Financing Infrastructure and Development (NaBFID) will be set up with a corpus of ₹20,000 crore and an initial grant of ₹5,000 crore from the government.
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National Bank for Financing Infrastructure and Development announced i...
The cabinet has approved a detailed proposal for setting up the developmental finance institution (DFI) that was announced in the budget last month, clearing the decks for a dedicated government-owned infrastructure financier.
The National Bank for Financing Infrastructure and Development (NaBFID) will be set up with a corpus of ₹20,000 crore and an initial grant of ₹5,000 crore from the government.
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National Bank for Financing Infrastructure and Development announced in this year’s budget, approved by cabinet, will be set up with a corpus and initial grant of how much amount respectively?a)Rs 20,000 cr and Rs 8,000 crb)Rs 20,000 cr and Rs 5,000 crc)Rs 22,000 cr and Rs 5,000 crd)Rs 25,000 cr and Rs 7,000 crCorrect answer is option 'B'. Can you explain this answer?
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