Question

How much loan amount has been sanctioned by ADB to India for infrastructure projects? 

A $1.5 billion Correct Answer Incorrect Answer
B $1.2 billion Correct Answer Incorrect Answer
C $1.4 billion Correct Answer Incorrect Answer
D $1.9 billion Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements include $220 million and $300 million loan for improving the power sector and highways in the northeastern states of Tripura and Assam, $350 million for metro rail connectivity in the southern city of Chennai, and $350 million for improvement of key economic areas in the western state of Maharashtra.

Practice Next

Relevant for Exams:

×
×