New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Consider the following statements about Allied Climate

    Partners (ACP):  1.    At COP28, ACP joined International Finance Corporation in a climate financing.  2.    It entirely focuses on investments in Southeast Asia and African countries. 3.    It is a philanthropic investment organization and it is not a United Nations affiliated body. Which of the statements given above is/are not correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 both Correct Answer Incorrect Answer
    C 2 and 3 both Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer

    Solution

    At COP28, Allied Climate Partners joined International Finance Corporation in a climate financing venture to try to generate $11 billion in investments in developing countries.  It is a philanthropic investment organization.  It initially focus regions are Southeast Asia, the Caribbean and Central America, Africa, and India.   It is not a United Nations affiliated body. 

    Practice Next

    Relevant for Exams: