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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 1 >> General Awareness

Question :

Which of the following Statements about SWAMIH Fund is / are True?

I - It is a government backed fund, set up as a Category - II AIF (Alternate Investment Fund) debt fund registered with SEBI (Securities and Exchange Board of India), launched in 2019.

II - The Fund is sponsored by the Ministry of Finance.

III - It is managed by SBICAP Ventures Ltd. (a State Bank Group company).

1. Only I

2. Only I and II

3. Only III

4. All of the above

5. None of the above

Correct Answer : 4
Solution :

The SWAMIH Investment Fund, launched in 2019, is a government-backed initiative to complete stalled real estate projects in India. All provided statements are accurate: it is a Category-II Alternative Investment Fund (AIF) registered with SEBI; it is sponsored by the Ministry of Finance; and it is managed by SBICAP Ventures Ltd., a State Bank of India group company.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

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Amit Mandal

Amit Mandal

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S B Tanay Gaurav

Rank #1

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Shekhar Kumar

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