New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Consider the following statements about the Smart Cities

    Mission: The mission is entirely funded by the central government. Each smart city has a Special Purpose Vehicle (SPV) for implementation. The mission has a fixed template for all cities to follow.
    A Only statement 1 is correct. Correct Answer Incorrect Answer
    B Only statement 2 is correct. Correct Answer Incorrect Answer
    C Only statements 1 and 3 are correct. Correct Answer Incorrect Answer
    D Only statements 2 and 3 are correct. Correct Answer Incorrect Answer
    E All statements are incorrect. Correct Answer Incorrect Answer

    Solution

    The Smart Cities Mission funding is shared between the central and state governments. Each smart city does have an SPV to plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate theSmart City development projects. The mission encourages cities to develop their own unique vision and strategies.

    Practice Next

    Relevant for Exams: