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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