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Question

Identify the correct statement?

A Punjab gets $150 million from World Bank to improve finances and public services. Correct Answer Incorrect Answer
B Punjab gets $250 million from IMF to improve finances and public services. Correct Answer Incorrect Answer
C Punjab gets $150 million from ADB to improve finances and public services. Correct Answer Incorrect Answer
D Punjab gets $250 million from BRICS Bank to improve finances and public services. Correct Answer Incorrect Answer
E Punjab gets $200 million from World Bank to improve finances and public services. Correct Answer Incorrect Answer

Solution

World Bank has granted a loan of $150 million to help Punjab in managing financial resources and ensure accessible public service . The $150 million loan has a maturity period of 15 years which includes 6 months period . The main aim of providing monetary support to the state to bolster the capabilities of various government departments, help them manage fiscal risks, and make informed policy choices to support sustainable growth .

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