What is the full form of "UIDF" which was established as per India's Union Budget-2023-24?
Show Hint
- Urban Identification Development fund
- Unique Identification Development Fund
- Urban Infrastructure Design Fund
- Urban Infrastructure Development Fund
The Correct Option is D
Solution and Explanation
Step 1: Understanding UIDF.
The Union Budget 2023-24 proposed the establishment of the Urban Infrastructure Development Fund (UIDF) to finance urban infrastructure projects in cities across India.
Step 2: Analyzing the options.
- (A) Urban Identification Development Fund: This is incorrect, as it does not align with the focus of the UIDF.
- (B) Unique Identification Development Fund: This is not the correct expansion of UIDF.
- (C) Urban Infrastructure Design Fund: This is close but incorrect because the word "Design" does not match the actual purpose of the UIDF.
- (D) Urban Infrastructure Development Fund: This is the correct answer, as it aligns with the goal of funding urban infrastructure development.
Step 3: Conclusion.
The correct answer is (D) Urban Infrastructure Development Fund.
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