RRB NTPC/ASM/CA/TA Exam > RRB NTPC/ASM/CA/TA Questions > Which of the following statement with referen...
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Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?
- a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.
- b)The funds released under RIDF are maintained by the Reserve Bank of India.
- c)These funds are provided on a year-to-year basis by the Government of India.
- d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
Correct answer is option 'B'. Can you explain this answer?
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Which of the following statement with reference to the Rural Infrastru...
Rural Infrastructure Development Fund (RIDF):
- The government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2,000 crore.
- Objective: To provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects.
- The funds released under RIDF are maintained by the National Bank for Agriculture and Rural Development (NABARD). So, statement 2 is incorrect.
- Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
- These funds are provided on a year-to-year basis by the Government of India.
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Which of the following statement with reference to the Rural Infrastru...
Incorrect Statement:
b) The funds released under RIDF are maintained by the Reserve Bank of India.
Explanation:
The Rural Infrastructure Development Fund (RIDF) was established by the Government of India in 1995-96. It is a dedicated fund created for financing ongoing rural infrastructure projects. The funds released under RIDF are not maintained by the Reserve Bank of India (RBI), which makes option b) incorrect.
Correct Statements:
a) The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.
The RIDF was established by the Government of India as a special fund to provide financial assistance for the development of rural infrastructure. It aims to address the critical gaps in rural infrastructure by providing funds for various projects such as roads, bridges, irrigation systems, drinking water supply, rural electrification, etc.
c) These funds are provided on a year-to-year basis by the Government of India.
The funds provided under RIDF are allocated on a yearly basis by the Government of India. These funds are used to finance ongoing projects in various states and union territories for rural infrastructure development. The allocation is usually made in the Union Budget presented by the Finance Minister.
d) Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
In the Union Budget of 2021, the allocation for RIDF was increased from Rs. 30,000 crore to Rs. 40,000 crore. This enhancement of funds reflects the government's commitment to rural infrastructure development and its recognition of the importance of investing in rural areas for overall economic growth and development.
In summary, the incorrect statement is option b) - The funds released under RIDF are maintained by the Reserve Bank of India. The correct statements are a) The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects, c) These funds are provided on a year-to-year basis by the Government of India, and d) Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
b) The funds released under RIDF are maintained by the Reserve Bank of India.
Explanation:
The Rural Infrastructure Development Fund (RIDF) was established by the Government of India in 1995-96. It is a dedicated fund created for financing ongoing rural infrastructure projects. The funds released under RIDF are not maintained by the Reserve Bank of India (RBI), which makes option b) incorrect.
Correct Statements:
a) The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.
The RIDF was established by the Government of India as a special fund to provide financial assistance for the development of rural infrastructure. It aims to address the critical gaps in rural infrastructure by providing funds for various projects such as roads, bridges, irrigation systems, drinking water supply, rural electrification, etc.
c) These funds are provided on a year-to-year basis by the Government of India.
The funds provided under RIDF are allocated on a yearly basis by the Government of India. These funds are used to finance ongoing projects in various states and union territories for rural infrastructure development. The allocation is usually made in the Union Budget presented by the Finance Minister.
d) Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
In the Union Budget of 2021, the allocation for RIDF was increased from Rs. 30,000 crore to Rs. 40,000 crore. This enhancement of funds reflects the government's commitment to rural infrastructure development and its recognition of the importance of investing in rural areas for overall economic growth and development.
In summary, the incorrect statement is option b) - The funds released under RIDF are maintained by the Reserve Bank of India. The correct statements are a) The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects, c) These funds are provided on a year-to-year basis by the Government of India, and d) Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.
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Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer?
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Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer? for RRB NTPC/ASM/CA/TA 2024 is part of RRB NTPC/ASM/CA/TA preparation. The Question and answers have been prepared according to the RRB NTPC/ASM/CA/TA exam syllabus. Information about Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for RRB NTPC/ASM/CA/TA 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer?.
Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer? for RRB NTPC/ASM/CA/TA 2024 is part of RRB NTPC/ASM/CA/TA preparation. The Question and answers have been prepared according to the RRB NTPC/ASM/CA/TA exam syllabus. Information about Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for RRB NTPC/ASM/CA/TA 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statement with reference to the Rural Infrastructure Development Fund (RIDF) is incorrect?a)The Government of India set up RIDF in 1995-96, for financing ongoing rural infrastructure projects.b)The funds released under RIDF are maintained by the Reserve Bank of India.c)These funds are provided on a year-to-year basis by the Government of India.d)Union Budget of 2021 enhanced RIDF to Rs. 40,000 crore from Rs. 30,000 crore.Correct answer is option 'B'. Can you explain this answer?.
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