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    Question

    _______ has approved a USD 250 million (about Rs 1,875

    crore) loan to support India’s National Industrial Corridor Development Program (NICDP).
    A ADB Correct Answer Incorrect Answer
    B AIIB Correct Answer Incorrect Answer
    C World Bank Correct Answer Incorrect Answer
    D NDB Correct Answer Incorrect Answer
    E IMF Correct Answer Incorrect Answer

    Solution

    The Asian Development Bank (ADB) has approved a USD 250 million (about Rs 1,875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP). This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 states.

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