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      Question

      The government, SIDBI, and which global organizations

      are set to launch a $1 billion fund to provide guarantees against loan default to lenders financing purchase of electric two- and three-wheelers?
      A United Nations Correct Answer Incorrect Answer
      B UNDP Correct Answer Incorrect Answer
      C UNEP Correct Answer Incorrect Answer
      D World Bank Correct Answer Incorrect Answer
      E IMF Correct Answer Incorrect Answer

      Solution

      Launch a $1 billion fund to provide guarantees against loan default to lenders financing purchase of electric two- and three-wheelers-The government, World Bank and Small Industries Development Bank of India (SIDBI) are set to launch a $1 billion fund to provide guarantees against loan default to lenders financing purchase of electric two- and three-wheelers. SIDBI and the World Bank have started interacting with financial institutions and manufacturers to understand how to enhance commercial financing availability for electric two and three wheelers and develop a risk sharing program for financial institutions interested in this market. World Bank                     Headquarters: Washington DC,US             President: David Malpass SIDBI Headquarters :Lucknow CMD :Sivasubramanian Ramann

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