Question

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan about ________.

A Rs.186 crore Correct Answer Incorrect Answer
B Rs.179 crore Correct Answer Incorrect Answer
C Rs.165 crore Correct Answer Incorrect Answer
D Rs.148 crore Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore.Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment.

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