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    Question

    AIIB has approved a USD 356.67 million loan for the

    expansion of the _______ metro rail system, taking the bank's financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary
    A Ahmedabad Correct Answer Incorrect Answer
    B Chennai Correct Answer Incorrect Answer
    C Mumbai Correct Answer Incorrect Answer
    D Lucknow Correct Answer Incorrect Answer
    E West Bengal Correct Answer Incorrect Answer

    Solution

    The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a USD 356.67 million loan for the expansion of the Chennai metro rail system, taking the bank's financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary. The Chennai project involves the construction of a new corridor in Chennai's metro network as part of its Metro Rail Phase 2. Asian Infrastructure Investment Bank            Headquarters: Beijing, China          President: Jin Liqun

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