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Consider the following statements regarding National Bank for Financing Infrastructureand Development (NaBFID) Act 2021.
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?
- a)1, 2
- b)1, 3
- c)2, 3
- d)1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Consider the following statements regardingNational Bank for Financing...
THE NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT ACT, 2021:
An Act to establish the National Bank for Financing Infrastructure and Development to support the development of long-term non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith.
The developmental objective of the Institution shall be to co-ordinate with the Central and State Governments, regulators, financial institutions, institutional investors and such other relevant stakeholders, in India or outside India, to facilitate building and improving the relevant institutions to support the development of long term non-recourse infrastructure financing in India including the domestic bonds and derivatives markets.
The financial objective of the Institution shall be to lend or invest, directly or indirectly, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects located in India, or partly in India and partly outside India, with a view to foster sustainable economic development in India.
Most Upvoted Answer
Consider the following statements regardingNational Bank for Financing...
The correct answer is option 'D' - 1, 2, 3.
Explanation:
1. Establishing National Bank for Financing Infrastructure and Development: The National Bank for Financing Infrastructure and Development (NaBFID) Act 2021 seeks to establish the National Bank for Financing Infrastructure and Development as the principal development financial institution for infrastructure financing. This bank will provide financial support and assistance to infrastructure projects in India.
2. Development of bonds and derivatives markets: The NaBFID Act 2021 includes provisions for the development of the bonds and derivatives markets that are necessary for infrastructure financing. This is crucial as it will help mobilize funds from various sources, including domestic and international investors, to support infrastructure development in the country.
3. Attracting investment for infrastructure projects outside India: The NaBFID Act 2021 also aims to attract investment for infrastructure projects located outside India. This is significant as it will enable the bank to explore opportunities for investment in infrastructure projects abroad, thereby promoting economic growth and development.
Overall, the NaBFID Act 2021 seeks to establish the National Bank for Financing Infrastructure and Development as the primary institution for infrastructure financing in India. It includes provisions for the development of the bonds and derivatives markets and aims to attract investment for infrastructure projects both within and outside India.
Explanation:
1. Establishing National Bank for Financing Infrastructure and Development: The National Bank for Financing Infrastructure and Development (NaBFID) Act 2021 seeks to establish the National Bank for Financing Infrastructure and Development as the principal development financial institution for infrastructure financing. This bank will provide financial support and assistance to infrastructure projects in India.
2. Development of bonds and derivatives markets: The NaBFID Act 2021 includes provisions for the development of the bonds and derivatives markets that are necessary for infrastructure financing. This is crucial as it will help mobilize funds from various sources, including domestic and international investors, to support infrastructure development in the country.
3. Attracting investment for infrastructure projects outside India: The NaBFID Act 2021 also aims to attract investment for infrastructure projects located outside India. This is significant as it will enable the bank to explore opportunities for investment in infrastructure projects abroad, thereby promoting economic growth and development.
Overall, the NaBFID Act 2021 seeks to establish the National Bank for Financing Infrastructure and Development as the primary institution for infrastructure financing in India. It includes provisions for the development of the bonds and derivatives markets and aims to attract investment for infrastructure projects both within and outside India.
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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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 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?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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