Question

UPSC Prelims 2023 Question:

Consider the following infrastructure sectors

Affordable housing

Mass rapid transport

Health care

Renewable energy

On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?

1. Only one
2. Only two
3. Only three
4. All four

Answer (Detailed Solution Below)

Option 3: Only three

Detailed Solution

Explanation:

The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative was launched in 2015 as a proof of concept to explore innovative ways of financing sustainable infrastructure projects in developing countries. The initiative aimed to leverage UNOPS expertise and experience in delivering infrastructure solutions that meet the needs and aspirations of people and communities.
S3i seed-funds large-scale affordable housing, renewable energy, and health infrastructure projects. It does not focus on mass rapid transport infrastructure.

Therefore, option (3) is the correct answer.

Subject: Economics | Miscellaneous(eco)

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