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    Question

    Which of the following financial institution entered

    into an agreement with ABIS Exports India Private Limited to subscribe to non-convertible debentures for $16 million to enhance food security in India?
    A Asian Development Bank Correct Answer Incorrect Answer
    B World Bank Correct Answer Incorrect Answer
    C International Monetary Firm Correct Answer Incorrect Answer
    D IBRD Correct Answer Incorrect Answer
    E BRICS Bank Correct Answer Incorrect Answer

    Solution

    Asian Development Bank (ADB) and ABIS Exports India Private Limited (ABIS) entered into an agreement to subscribe to non-convertible debentures for $16 million to enhance food security in India by supporting the construction of a micro fish feed plant and by training up to 6,000 farmers in climate-resilient fish farming practices as well as financial literacy.

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