IICA and NICF signed MoU to Synergise Professional Capabilities

Current Context: The Indian Institute of Corporate Affairs (IICA) and the National Institute of Communication Finance (NICF) signed a Memorandum of Understanding (MoU) on October 17, 2023 to synergise their professional capabilities in various domains related to finance, law, governance, communication, and more.

• The MoU aims to foster academic and research collaboration between the two institutions and to provide capacity building and technical assistance to the Indian Posts and Telecom Accounts and Finance Service (IP&TAFS) officers.
• The MoU was signed by Prof (Dr) Naveen Sirohi from IICA and Shri A K Singh, Deputy Director General from NICF.
• The MoU is expected to benefit both institutions and the nation by enhancing their knowledge and skills in the relevant fields.

Question:

Q.1 What is the main aim of the MoU signed between IICA and NICF?
a. To synergize the professional capabilities of both institutions
b. To establish a new institution
c. To merge both institutions
d. To dissolve both institutions