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In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?
  • a)
    Government Bonds
  • b)
    Grants by the International Institutions
  • c)
    Both a & b
  • d)
    CSR Funds of PSUs
  • e)
    Priority sector lending shortfall
Correct answer is option 'E'. Can you explain this answer?
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Most Upvoted Answer
In the Union Budget 2023-24, Government indicated that an Urban Infra...
The Finance Minister mentioned that an Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall. 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.
Community Answer
In the Union Budget 2023-24, Government indicated that an Urban Infra...
And b
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Directions: Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.Every discussion on Indian education boils down to one conclusion: The Government is not spending enough. It appears a foregone conclusion that the quality of education depends upon expenditure and as the Government is not spending six per cent of its GDP, quality will not improve (it is said that the Government must spend at least six per cent of its GDP on education but it never crosses more than four per cent). This calculation is not appropriate in the Indian context. In Western countries, parents don't spend much on children's education. School education is Government-funded, because of the size of the countries and small number of children. Quality, therefore, is manageable. Though India must be spending more in overall public school education compared to better performing nations, due to the sheer size of the sector, quality becomes unmanageable and the money spent is, hence, wasted.We need to look at the process of spending as well. We must be an exceptional nation that constructs staff quarters and also maintains them at a subsidised price. If the Government reassesses house rent as a part of the Pay Commission every 10 years, all employees should be able to find decent accommodation within that amount in towns where they work. Our institutions become a liability because funds are spent more on construction of staff quarters and creating infrastructure which soon becomes unusable, than on teaching-learning activities. Even if we increase expenditure on education and use the Budget for the construction of staff quarters, how will it improve (directly) the quality of education? All Government servants, in a period of four years, are paid for one home visit and one paid ‘leave travel' to any part of the country and even abroad. Employees and their family members are all paid for. It needs to be reassessed if such welfare measures need to be continued or stopped and money be spent on buying more books for the libraries, consumables for the laboratories and scholarships for the learners. This money could have been better utilised if the learners from the Scheduled communities were given lodging and good quality coaching during vacations. We need to re-examine our welfare measures in all sectors, especially in education.A large portion of the Sarva Shiksha Abhiyan Budget was spent on construction of school buildings and toilets which have already become unusable. Travel to any village and you can see the dilapidated school building where classroom teaching cannot be organised. Similarly, construction and maintenance of students' hostel consume a large portion of the Budget but the quality of service is pathetic because the students are not directly paying. Learners feel they are getting subsidised services so they have forfeited the right to demand quality service. Whereas, teaching-learning and teachers' development should have been the main focus. We need to reassess the functioning of institutions and decide where to put our resources. At present, we don't seem to be spending on appropriate heads. There are more Indian students in the US and British universities than in other countries who are paid for by the parents. Parents who can afford to spend substantial amounts on education of their children prefer to send their children abroad than make them study in an Indian university as quality of education is poor. Most institutions in the US and the UK have large numbers of Indian, Chinese and East Asian countries because a substantial number of households from these regions can afford to pay for the education of their wards at best schools and colleges.Government policies have put undeserving learners and unqualified teachers in all public institutions. Governments do it to hide their failure to design and implement policies which reach out to the less-privileged. If we want the Indian education to compete with the best-performing countries, we must change our method of spending. Best-performing learners must be paid and supported. Meritorious students should be paid and not the institutions. Organisations which can attract the most talented learners should be funded and not all just because the Government established them. There are employees — teaching as well as non-teaching — who also have to be sustained till their retirement. We must give attractive perks to attract the best of talent. Unfortunately, this has not happened. We need to re-examine our perks policy.Q. Due to certain policies put down by the government,many such people are provided with facilities which they do not deserve.According to the passage, this statement is

Directions: Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.Every discussion on Indian education boils down to one conclusion: The Government is not spending enough. It appears a foregone conclusion that the quality of education depends upon expenditure and as the Government is not spending six per cent of its GDP, quality will not improve (it is said that the Government must spend at least six per cent of its GDP on education but it never crosses more than four per cent). This calculation is not appropriate in the Indian context. In Western countries, parents don't spend much on children's education. School education is Government-funded, because of the size of the countries and small number of children. Quality, therefore, is manageable. Though India must be spending more in overall public school education compared to better performing nations, due to the sheer size of the sector, quality becomes unmanageable and the money spent is, hence, wasted.We need to look at the process of spending as well. We must be an exceptional nation that constructs staff quarters and also maintains them at a subsidised price. If the Government reassesses house rent as a part of the Pay Commission every 10 years, all employees should be able to find decent accommodation within that amount in towns where they work. Our institutions become a liability because funds are spent more on construction of staff quarters and creating infrastructure which soon becomes unusable, than on teaching-learning activities. Even if we increase expenditure on education and use the Budget for the construction of staff quarters, how will it improve (directly) the quality of education? All Government servants, in a period of four years, are paid for one home visit and one paid ‘leave travel' to any part of the country and even abroad. Employees and their family members are all paid for. It needs to be reassessed if such welfare measures need to be continued or stopped and money be spent on buying more books for the libraries, consumables for the laboratories and scholarships for the learners. This money could have been better utilised if the learners from the Scheduled communities were given lodging and good quality coaching during vacations. We need to re-examine our welfare measures in all sectors, especially in education.A large portion of the Sarva Shiksha Abhiyan Budget was spent on construction of school buildings and toilets which have already become unusable. Travel to any village and you can see the dilapidated school building where classroom teaching cannot be organised. Similarly, construction and maintenance of students' hostel consume a large portion of the Budget but the quality of service is pathetic because the students are not directly paying. Learners feel they are getting subsidised services so they have forfeited the right to demand quality service. Whereas, teaching-learning and teachers' development should have been the main focus. We need to reassess the functioning of institutions and decide where to put our resources. At present, we don't seem to be spending on appropriate heads. There are more Indian students in the US and British universities than in other countries who are paid for by the parents. Parents who can afford to spend substantial amounts on education of their children prefer to send their children abroad than make them study in an Indian university as quality of education is poor. Most institutions in the US and the UK have large numbers of Indian, Chinese and East Asian countries because a substantial number of households from these regions can afford to pay for the education of their wards at best schools and colleges.Government policies have put undeserving learners and unqualified teachers in all public institutions. Governments do it to hide their failure to design and implement policies which reach out to the less-privileged. If we want the Indian education to compete with the best-performing countries, we must change our method of spending. Best-performing learners must be paid and supported. Meritorious students should be paid and not the institutions. Organisations which can attract the most talented learners should be funded and not all just because the Government established them. There are employees — teaching as well as non-teaching — who also have to be sustained till their retirement. We must give attractive perks to attract the best of talent. Unfortunately, this has not happened. We need to re-examine our perks policy.Q. Which of the following words is nearest in meaning to the word substantial as used in the passage?

Read the following passage carefully and answer the questions given below it. Certain words/phrases have been underlineto help you locate them while answering some of the questions.The modern world requires us to repose trust in many anonymous institutions. We strap ourselves in a flying tin can with two hundred other people not because we know the pilot but because we believe that airline travel is safe. Our trust in these institutions depends on two factors : skills and ethics. We expect that the people who run these institutions know what they are doing, that they build and operate machines that work as they are supposed to and that they are looking out for our welfare even though we are strangers.When one of these factors is weak or absent, trust breaks down and we either pay a high price in safety- as in the Bhopal tragedy -or a large ‘welfare premium’ such as the elaborate security measures at airports. Trust-deficient environments work in the favour of the rich and powerful, who can commandpremiumtreatment and afford welfare premiums. Poor people can command neither; which is why air travel is safer than train travel, which in turn is safer than walking by the road side.Every modern society depends on the trust in the skills and ethics of a variety of institutions such as schools and colleges, hospital and markets. If we stopped believing in theexpertiseof our teachers, doctors and engineers, we will stop being a modern society.As the Institution among institutions, it is the duty of the state to ensure that all other institutions meet their ethicalobligations. The Indian state has failed in its regulatory role. Consequently, we cannot trust our schools to turn out good graduates, we cannot ensure that our colleges turn out well trained engineers and we cannot guarantee that our engineers will turn out to be good products.Last year, I was invited to speak at an undergraduate research conference. Most of the participants in this conference were students at the best engineering colleges in the State. One student who was driving me back and forthrecounteda story about the previous year’s final exam. One of his papers had a question from a leading textbook to which the textbook’s answer was wrong. The student was in a dilemma : should he write the (wrong) answer as given in the textbook or should he write the right answer using his own analytical skills. He decided to do the latter and received a zero on that question. Clearly, as the student had suspected, the examiners were looking at the textbook answer while correcting the examination papers instead of verifying its correctness.The behaviour of these examiners is a breakdown of institutional morals, with consequences for the skills acquired by students. I say institutional morals, for the failure of these examiners is not a personal failure. At the same conference I met a whole range of college teachers, all of whom were drafted as examiners at some time or the other. Without exception, they were dedicated individuals who cared about the education and welfare of their students. However, when put in the institutional role of evaluating an anonymous individual, they fail in fulfilling their responsibilities. When some of our best colleges are run in this fashion, is it any wonder that we turn outunskilledengineers and scientists ? If, as we are led to expect, there is a vast increase in education at all levels and the regulatory regime is as weak as it is currently, isn’t it likely that the trust deficit is only going to increase ?We are all aware of the consequences of ignoring corruption at all levels of society. While institutional failures in governance are obvious, I think the real problem lies deeper, in the failure of every day institutions that are quite apart from institutions that impinge on our lives only on rare occasions. It is true that our lives are made more miserable by government officials demanding bribes for all sorts of things, but what about the everyday lying andcheating and breaking of rules with people who are strangers ?Let me give you an example that many of us have experienced. I prefer buying my fruits and vegetables from roadside vendors rather than chain stores. To the vendor, I am probably an ideal customer, since I do not bargain and I do not take hours choosing the best pieces, instead, letting the vendor do the selecting. The market near my house is quite busy; as a result, most vendors are selling their wares to strangers. It takes a while before a particular vendor realises that I am arepeatcustomer. In such a situation trust is crucial. I have a simple rule : if a vendorpalms offa bad piece whose defects are obvious, I never go back to that person again. It is amazing how often that happens.In my opinion, the failure of institutional ethics is as much about these little abuses of trust as anything else. Everyday thievery is like roadside trash; if you let it accumulate the whole neighbourhood stinks.Q. Why, according to the author, is the behaviour of examiners a breakdown of institutional morals ?

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In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?a)Government Bondsb)Grants by the International Institutionsc)Both a & bd)CSR Funds of PSUse)Priority sector lending shortfallCorrect answer is option 'E'. Can you explain this answer?
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In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?a)Government Bondsb)Grants by the International Institutionsc)Both a & bd)CSR Funds of PSUse)Priority sector lending shortfallCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?a)Government Bondsb)Grants by the International Institutionsc)Both a & bd)CSR Funds of PSUse)Priority sector lending shortfallCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?a)Government Bondsb)Grants by the International Institutionsc)Both a & bd)CSR Funds of PSUse)Priority sector lending shortfallCorrect answer is option 'E'. Can you explain this answer?.
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