New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which financial institutions have pledged support for

    the development of green hydrogen and India's green growth during the International Conference on Green Hydrogen (ICGH-2023) in India?
    A European Investment Bank (EIB) and Asian Development Bank (ADB) Correct Answer Incorrect Answer
    B World Bank and International Monetary Fund (IMF) Correct Answer Incorrect Answer
    C Asian Development Bank (ADB) and International Monetary Fund (IMF) Correct Answer Incorrect Answer
    D European Investment Bank (EIB) and World Bank Correct Answer Incorrect Answer
    E International Monetary Fund (IMF) and World Bank Correct Answer Incorrect Answer

    Solution

    The European Investment Bank (EIB) has pledged one billion euros to develop a large-scale hydrogen industry hub, while the Asian Development Bank (ADB) intends to provide $20-$25 billion over five years to support India's green growth during  International Conference on Green Hydrogen (ICGH-2023) in India. The World Bank has also approved $1.5 billion to aid India's low-carbon transition journey.

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