UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding N... Start Learning for Free
Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID).
  1. NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India.
  2. NaBFID was setup through an Executive order.
  3. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India.
  4. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.
How many of the above statements are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    Only three 
  • d)
    All four
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding National Bank for Financin...
  • Statement 1 and 3 are correct.
  • The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021 received the assent of the President on March 28, 2021 and has come into force w.e.f. April 19, 2021. Accordingly, NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India.
  • NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.
  • NaBFID was set up in 2021, by an Act of the Parliament (The National Bank for Financing Infrastructure and Development Act, 2021), with the essential objectives of addressing the gaps in long-term non-recourse finance for infrastructure development, strengthening the development of bonds and derivatives markets in India, and sustainably boosting the country’s economy.
  • The National Bank for Financing Infrastructure and Development (NaBFID) said it has raised ₹10,000 crore by issuance of listed bonds in its maiden issuance.
Free Test
Community Answer
Consider the following statements regarding National Bank for Financin...
And Highways.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding National Bank for Financing Infrastructure and Development (NaBFID). NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India. NaBFID was setup through an Executive order. NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank of India. NaBFID is funded by the Ministry of Road Transport & Highways and does not have the power to issue bonds to raise money.How many of the above statements are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

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