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The Asian Development Bank announced a USD 14 billion fund from 2022-25 to fight the food security crisis in Asia Pacific, threatened by adverse climate and exacerbated by the Russia-Ukraine war choking supply lines, triggering soaring food prices. While, USD 3.3 billion of the total funding is earmarked for 2022, the rest of USD 10.7 billion will be spread over 2023-25.For 2022, a further funding break-up includes USD 2.5 billion sovereign support towards repurpose and utilisation of existing projects, strengthening of countercyclical support for food security and launch of new projects in agriculture, natural resources and rural development. Besides, USD 800 million will be utilised in the private sector for trade and supply chain financing, direct agribusiness lending, microfinancing programme and lending to financial institutions.ADB will continue to invest in other activities which contribute to food security such as energy transition, transport, environmental management, health and education.
Which of the following should be excluded while calculating Gross national Product?
Coefficient of elasticity of demand is negative. It means:
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Which one statement is correct among the given below?
Commodity service method is another name for which of the following methods?
Which of the following may lead to a shift in the demand curve?
Income effect states that as price of a good falls, demand rises since there is rise in
When a price ceiling is imposed in a market,
If two or more than two goods are used to satisfy the same want, they are called
