Introduction / Context:
GIFT is an important abbreviation in Indian financial news because it appears in the name GIFT City, a flagship project in Gujarat. Competitive exams often ask about the full form of such abbreviations, as they test awareness of economic infrastructure and government initiatives. Understanding what GIFT stands for also helps learners connect the project with its purpose as a financial and technology hub rather than confusing it with education or tax related schemes.
Given Data / Assumptions:
- The question refers to the abbreviation GIFT used in the term GIFT City in Gujarat.
- GIFT City is known as an international financial services and technology hub.
- The options include several similar sounding expansions related to Gujarat or finance.
- We assume the context is Indian economic and financial geography.
Concept / Approach:
The approach is to recall or deduce the correct expansion of the abbreviation GIFT in connection with GIFT City. Since GIFT City is a planned global financial and information technology city, the expansion must clearly reflect finance and technology, not fashion, tax or general government trade. Elimination of unlikely options is a standard method in such general knowledge questions.
Step-by-Step Solution:
Step 1: Note that GIFT City is located near Gandhinagar in Gujarat and is promoted as an international financial services hub.
Step 2: Option a mentions Gujarat Institute of Fashion Technology, which relates to education and fashion, not a financial city.
Step 3: Option b, Government of India Foreign Trade, does not mention Gujarat and also does not match the known branding of the project.
Step 4: Option c, Gapping Income Free Of Tax, is not a standard institutional or project name and sounds like a made up phrase.
Step 5: Option d, Gujarat International Finance Tec City, closely matches the known official name Gujarat International Finance Tec City.
Step 6: Option e, Gujarat Infrastructure and Financial Technology City, sounds similar but does not match the standard expansion used in official documents.
Step 7: Therefore the most accurate expansion is Gujarat International Finance Tec City.
Verification / Alternative check:
A quick verification approach is to remember that GIFT City is often described as an International Financial Services Centre. The key words International, Finance and Tec (for technology) appear together only in the option Gujarat International Finance Tec City. This confirms that option d is correct and the others are distractors that either misplace or omit important terms.
Why Other Options Are Wrong:
Option a is wrong because it suggests an educational fashion institute and has no link with a financial city project. Option b is incorrect as it broadly refers to Government of India Foreign Trade and does not include Gujarat or the concept of a city. Option c is an invented tax related phrase that is not used officially. Option e is close in meaning but does not match the widely accepted official expansion of GIFT, which uses International Finance Tec City rather than Infrastructure and Financial Technology City.
Common Pitfalls:
A common mistake is to choose an option that sounds roughly correct but does not match the exact official name. Another pitfall is to be misled by options that contain attractive phrases like fashion technology or infrastructure without checking whether they are actually used in government documents. Learners should pay attention to the presence of the words International, Finance and Tec together, as these capture the core idea of GIFT City as a global financial technology hub in Gujarat.
Final Answer:
The abbreviation GIFT in GIFT City stands for Gujarat International Finance Tec City.
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