Q. Consider the following statements regarding Fund of Funds for Startups:
1. It was set up by government with a corpus of 10,000 cr.
2. It is managed by Ministry of Finance.
Which of the statements above given is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Fund of Funds for Startups (FFS) has been setup with a corpus of Rs. 10,000 crores managed by SIDBI.  

Government participates in the capital of SEBI registered Alternate Investment Funds (AIFs), known as daughter funds, who in turn invest in Indian startups through equity/equity linked instruments. 

Source: PIB