Question

    Which international organization signed a ₹500 crore

    agreement with Axis Bank to promote the blue economy in India?
    A World Bank Correct Answer Incorrect Answer
    B Asian Development Bank Correct Answer Incorrect Answer
    C International Monetary Fund Correct Answer Incorrect Answer
    D International Finance Corporation (IFC) Correct Answer Incorrect Answer
    E United Nations Development Programme Correct Answer Incorrect Answer

    Solution

    The International Finance Corporation (IFC), a member of the World Bank Group, signed a ₹500 crore agreement with Axis Bank to support India’s blue economy initiatives. The funding aims to develop sustainable ocean-based businesses.

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