CIDB - Current Affairs Questions and Answers

1)   CIDB of Malaysia has proposed to invest USD 30 billion in urban development and housing projects in India. What does CIDB stand for?

a. Construction Industrial Development Board
b. Construction Industry Development Board
c. Construction Industry Defining Board
d. None of the above
Answer  Explanation 

ANSWER: Construction Industry Development Board

Explanation:
Construction Industry Development Board/ CIDB of Malaysia on 15th October 2015 proposed to invest around USD 30 million in urban development and housing projects in the country such as redevelopment of New Delhi Railway Station. National Buildings Constriction Corporation of Union Ministry of Urban Development will be linked with these projects. CIDB is a Malaysia based government agency which has been conceived in 1995 and is executing projects worth USD 8 billion currently.