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    Question

    World Bank arm IFC is investing Rs _____ crore in a new

    last-mile mobility company wholly owned by Mahindra and Mahindra (M&M).
    A 500 Correct Answer Incorrect Answer
    B 550 Correct Answer Incorrect Answer
    C 600 Correct Answer Incorrect Answer
    D 650 Correct Answer Incorrect Answer
    E 700 Correct Answer Incorrect Answer

    Solution

    In a bid to scale up the penetration of affordable electric three-wheelers and small commercial vehicles (SCV), World Bank arm IFC is investing Rs 600 crore in a new last-mile mobility company wholly owned by Mahindra and Mahindra (M&M). The firm will be a newly incorporated company (NewCo).

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