How to create Taxonomy term jump menu using Views in Drupal 7?

We all know Drupal uses Taxonomies - which consists of Vocabularies and Terms. Each taxonomy terms have taxonomy pages which lists all the articles tagged with that taxonomy term. Drupal Views has "Jump Menu" as Display Format, using which we can built "Jump Menu" consisting of taxonomy terms which when clicked will take use to the taxonomy term page. There is no need of installing additional modules to create Jump Lists or Jump Menu.

In this example, we shall see how to build Jump Menu of Taxonomy Terms using Views as show below: