Question
Consider the following statements with respect to a new
program been approved by the World Bank - I.The World Bank has approved a new program to support Tamil Nadu and provide around 2 million people with more and better access to water and sewerage services in cities. The $250 million Tamil Nadu Climate Resilient Urban Development Program will help 21 Urban Local Bodies (ULBs) update their delivery systems and provide quality and efficient water supply and sewerage services to consumers. II.The loan from the International Bank of Reconstruction and Development (IBRD) will use the blended financing instrument of Program-for-Results (PforR) with Investment Project Financing (IPF) to link disbursement of funds directly to the achievement of results while providing technical assistance. III.The Program loan has a maturity of 32 years with a grace period of 7 years. Which of the following statements is/are TRUE ?Solution
The World Bank has approved a new program to support Tamil Nadu and provide around 2 million people with more and better access to water and sewerage services in cities. The $300 million Tamil Nadu Climate Resilient Urban Development Program will help 21 Urban Local Bodies (ULBs) update their delivery systems and provide quality and efficient water supply and sewerage services to consumers. The $300 million loan from the International Bank of Reconstruction and Development (IBRD) will use the blended financing instrument of Program-for-Results (PforR) with Investment Project Financing (IPF) to link disbursement of funds directly to the achievement of results while providing technical assistance. The Program loan has a maturity of 32 years with a grace period of 7 years.
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A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
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Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
Which of the following is an example of transaction in money under GST laws
Which accounting standard governs the treatment of inventories in India?
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The party who is entitled to receive the payment of a bill of exchange is called the:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
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