📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is GIFT city and what are its objectives?

    A GIFT city is a proposed financial hub located in Delhi, with the objective of providing high-quality infrastructure to businesses Correct Answer Incorrect Answer
    B GIFT city is a special economic zone located in Gujarat, with the objective of promoting international finance services Correct Answer Incorrect Answer
    C GIFT city is a proposed smart city located in Mumbai, with the objective of developing sustainable infrastructure for the urban population Correct Answer Incorrect Answer
    D GIFT city is a proposed industrial park located in Bangalore, with the objective of promoting manufacturing and trade Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    GIFT city, or Gujarat International Finance Tec-City, is a special economic zone located in Gujarat, India. It was set up with the objective of promoting international financial services and creating world-class infrastructure to attract businesses to India. The city has been developed as a hub for finance and technology companies, with facilities such as commercial and residential space, a state-of-the-art convention center, and a specialized training center for financial services. It is also the first smart city to be developed in India with features such as automated traffic management, intelligent waste management, and a city-wide Wi-Fi network. Therefore, option B is correct.

    Practice Next
    More Financial Management Questions
    ask-question