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      Question

      NITI (National Institution for Transforming India)

      Aayog and the ______ are working together to facilitate a program for faster and easier financing of electric vehicles (EVs).
      A IMF Correct Answer Incorrect Answer
      B World Bank Correct Answer Incorrect Answer
      C AIIB Correct Answer Incorrect Answer
      D ADB Correct Answer Incorrect Answer
      E NDB Correct Answer Incorrect Answer

      Solution

      NITI (National Institution for Transforming India) Aayog and the World Bank (WB) are working together to facilitate a program for faster and easier financing of electric vehicles (EVs). NITI Aayog and World Bank are setting up a $300-million ‘first loss risk sharing instrument’, with the State Bank of India (SBI) as its program manager.

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