BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Asian Development Bank has approved____US Dollar lining project of the Son canal in Shahabad-Bhojpur region of Bihar.
A
5205 million US Dollar
B
5 million US Dollar
C
102 million US Dollar
D
503 million US Dollar
Explanation: 

Detailed explanation-1: -The Asian Development Bank (ADB) and the Government of India today signed a $350 million loan to improve the connectivity of key economic areas in the state of Maharashtra.

Detailed explanation-2: -Non-profit government organizations typically receive funding from governments, charities, corporations, benefactors, and regional organizations. As an AAA-rated institution, the Asian Development Bank (ADB) raises funds through bond issues on the world’s capital markets.

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