Question

Which of the following statements is/are correct in regards to Budget 2023-24?

1.    The Union Budget 2023-24 was presented in two parts

2.    Urban Infrastructure Development Fund (UIDF) will be established

3.    Entity DigiLocker to be set up for use by MSMEs, large business and charitable trusts to store and share documents online securely

A 1 & 2 Correct Answer Incorrect Answer
B 1 & 3 Correct Answer Incorrect Answer
C 2 & 3 Correct Answer Incorrect Answer
D All Correct Answer Incorrect Answer
E None Correct Answer Incorrect Answer

Solution

The Union Budget 2023-24 was presented in two parts. Urban Infrastructure Development Fund (UIDF) will be established through use of priority Sector Lending shortfall, which will be managed by the national Housing Bank, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities. Entity DigiLocker to be set up for use by MSMEs, large business and charitable trusts to store and share documents online securely.

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