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.
The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in t...
With reference to the Production Linked Incentive Scheme,choose the correct statements from below-
I.The PLI Scheme was launched in March 2020 in...
In case of high WPI inflation, which of the following step is likely to be taken by RBI?
Identify the institution that accepts deposits, makes loans, and makes investments with the intent of profiting.
The Balance of Payments of a country is a systematic record of
Inland Waterways Authority of India is the statutory authority in charge of the waterways in India.It was constituted under IWAI Act-_______Â by the Pa...
Which of the following are correct in regard to the austerity measures taken by a country going through adverse economy conditions:
(1) These mea...
Consider the following statements with reference to the PM-SVANidhi -
I.The scheme was announced as a part of the Economic Stimulus-II under the ...
Consider the following statement about MUDRA Yojana:
1. Shishu Loan: Loans of up to Rs fifty thousand.
2. Kishore Loan: Loans ranging from...
How many countries use the euro as their official currency in the European Union?
Relevant for Exams:
