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      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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