New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following state of India will get the

    amount of USD 350 million from World Bank for spending towards public healthcare services and other social works?
    A Uttar Pradesh Correct Answer Incorrect Answer
    B Madhya Pradesh Correct Answer Incorrect Answer
    C Gujarat Correct Answer Incorrect Answer
    D Tamil Nadu Correct Answer Incorrect Answer
    E Karnataka Correct Answer Incorrect Answer

    Solution

    The World Bank has approved a USD 350 million ( over Rs 2,832 crore ) loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent girls and disease surveillance . The funding will come from World Bank arm International Bank of Reconstruction and Development ( IBRD ) , carrying a maturity of 18 years including a grace period of 5 . 5 years . World Bank Headquarters : Washington DC,US President : David Malpass The International Bank for Reconstruction and Development ( IBRD ) is a global development cooperative owned by 189 member countries . As the largest development bank in the world, it supports the World Bank Group ’ s mission by providing loans, guarantees, risk management products, and advisory services to middle - income and creditworthy low - income countries, as well as by coordinating responses to regional and global challenges .

    Practice Next