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?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Current Affairs Exam > Current Affairs Questions > Regarding the National Bank for Financing Inf...

Join the Discussion on the App

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?

FREE This question is part of

Daily Current Affairs MCQ - April 20, 2021

Attempt Test

Attempt this Test

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.
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%.

View all questions of this test

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Consider the following statements regardingNational Bank for Financing Infrastructureand Development(NaBFID) Act2021.1. It seeks to establish National Bank for Financing Infrastructure and Development as the principal development financial institution for infrastructure financing.2. It includes development of the bonds and derivatives markets necessary for infrastructure financing.3. It also seek to attract investment for infrastructure projects located outside India.Which of the above statements is/are correct?

View answer

About the National Bank for Financing Infrastructure and Development Bill, 2021, consider the following statements:1. The bill seeks to establish the National Bank for Financing Infrastructure and Development.2. Its objective is to support the development of long-term non-recourse infrastructure financing in India including development of the bonds and derivatives markets.Which of the statements given above is/are correct?

View answer

With reference to the special livestock sector package, consider the following statements:1. Disease Control programme renamed as Livestock Health and Disease Control (LH & DC) which includes the present Livestock Health and Disease Control (LH & DC) scheme and National Animal Disease Control Programme (NADCP).2. Infrastructure Development Fund wherein, the Animal Husbandry Infrastructure Development fund (AHIDF) and the Dairy Infrastructure Development Fund (DIDF) are merged.Which of the statements given above is/are correct?

View answer

Regarding the Agricultural and Processed Food Products Export Development Authority (APED

View answer

With reference to the Integrated Multi-purpose infrastructure Development Corporation for the Union Territory of Ladakh, consider the following statements:1. The Union Cabinet has approved the establishment of an Integrated Multi-purpose infrastructure Development Corporation for the Union Territory of Ladakh2. The authorized share capital of the Corporation will be Rs.25 crore and recurring expenditure will be around Rs. 2.42 crore per year.Which of the statements given above is/are correct?

View answer

Top Courses for Current AffairsView all

Monthly Yojana & Kurukshetra Magazine (English)

Weekly Current Affairs

Daily GK & Current Affairs Tests

Daily Hindu Analysis: Video summaries

Monthly Yojana & Kurukshetra Magazine in Hindi

Top Courses for Current Affairs

View all

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?

Share with a Friend

Answer this doubt

Question Description
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?.

Solutions 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? 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 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice Current Affairs tests.

Explore Courses for Current Affairs exam