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    Question

    What is the main objective of the recently $23 million

    loan agreement between India and the Asian Development Bank (ADB)?
    A Development of smart cities across India Correct Answer Incorrect Answer
    B Enhancement of digital education platforms Correct Answer Incorrect Answer
    C Construction of new highways and infrastructure Correct Answer Incorrect Answer
    D Boosting agricultural exports from India Correct Answer Incorrect Answer
    E Establishment of an International Fintech Institute (IFI) in Gujarat International Finance Tec-City (GIFT-City) Correct Answer Incorrect Answer

    Solution

    The $23 million loan agreement aims to establish an International Fintech Institute (IFI) in Gujarat International Finance Tec-City (GIFT-City), focusing on fintech education and research to bolster India's position in the global financial technology landscape.

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