Question

    Which international financial institution approved a

    $400-million loan for the urban infrastructure project under AMRUT 2.0?
    A International Monetary Fund (IMF) Correct Answer Incorrect Answer
    B World Bank (WB) Correct Answer Incorrect Answer
    C International Finance Corporation (IFC) Correct Answer Incorrect Answer
    D Asian Development Bank (ADB) Correct Answer Incorrect Answer
    E New Development Bank (NDB) Correct Answer Incorrect Answer

    Solution

    India signed a $400 million policy-based loan agreement with the Asian Development Bank (ADB) to create high-quality urban infrastructure, improve service delivery, and promote efficient governance systems, according to a statement from the finance ministry.

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