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Regarding the National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:
1. It would organize and make it easier for foreigners to get involved in infrastructure projects.
2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.
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?
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Verified Answer
Regarding the National Bank for Financing Infrastructure and Developme...
- Recently, Rajya Sabha cleared the National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021.
- The Bill seeks to establish the National Bank for Financing Infrastructure and Development (NBFID) as the principal Development Financial Institution (DFIs) for infrastructure financing.
- NBFID was announced in the Budget 2021.
- Functions of NBFID:
- Extending loans and advances for infrastructure projects.
- Taking over or refinancing such existing loans.
- Attracting investment from private sector investors and institutional investors for infrastructure projects.
- Organizing and facilitating foreign participation in infrastructure projects.
- Facilitating negotiations with various government authorities for dispute resolution in the field of infrastructure financing.
- Providing consultancy services in infrastructure financing.
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- Source of Funds:
- It may raise money in the form of loans or otherwise both in Indian rupees and foreign currencies, or secure money by the issue and sale of various financial instruments including bonds and debentures.
- It may borrow money from the central government, Reserve Bank of India (RBI), scheduled commercial banks, mutual funds, and multilateral institutions such as the World Bank and Asian Development Bank.
- Initially, the central government will own 100% shares of the institution which may subsequently be reduced up to 26%.
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Regarding the National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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?
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Regarding the National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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 National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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 National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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?.
Regarding the National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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 National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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 National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:1. It would organize and make it easier for foreigners to get involved in infrastructure projects.2. The NBFID may take out loans in both Indian rupees and foreign currencies to raise funds.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?.
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