With reference to the Union Budget 2023-24, consider the following statements:1.Out of the budget allocated for the urban sector, maximum amounts are allocated for housing and transport.2.In comparison with the previous financial year, an increment in budget allocation has been observed for livelihood, housing, and smart cities.Select the correct statements using the codes given below:

Q. With reference to the Union Budget 2023-24, consider the following statements::
1.Out of the budget allocated for the urban sector, maximum amounts are allocated for housing and transport.
2.In comparison with the previous financial year, an increment in budget allocation has been observed for livelihood, housing, and smart cities.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation –

Statement 1 is correct. A total of 764.32 billion has been assigned in the budget 2023-24 for improving various urban sectors, including housing, transport, sanitation, and other infrastructure. Out of which, maximum amounts are allocated for housing and transport.

Statement 2 is incorrect. In comparison with the previous financial year, a reduction in budget allocation is observed for livelihood, housing, and smart cities.

Source: ORF

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