New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statement about Urban

    Infrastructure Development Fund (UIDF):                       I.        Like the RIDF, an Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall.                      II.        This will be managed by the NABARD, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.                     III.        Government expect to make available ₹ 10,000 crore per annum for this purpose. Which of the above statement is/are not part of UIDF:
    A I and II both Correct Answer Incorrect Answer
    B II and III both Correct Answer Incorrect Answer
    C II only Correct Answer Incorrect Answer
    D I and III both Correct Answer Incorrect Answer
    E I, II and III Correct Answer Incorrect Answer

    Solution

    This 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. 

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