Question

    A $300-million ‘first loss risk sharing instrument’

    has been formed by World Bank & __________.
    A ADB Correct Answer Incorrect Answer
    B NDB Correct Answer Incorrect Answer
    C Ministry of Health & Family Welfare Correct Answer Incorrect Answer
    D NITI Aayog Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    NITI (National Institution for Transforming India) Aayog and the World Bank (WB) are working together to facilitate a program for faster and easier financing of electric vehicles (EVs). NITI Aayog and World Bank are setting up a $300-million ‘first loss risk sharing instrument’, with the State Bank of India (SBI) as its program manager.

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