Economic Affairs Secretary Subhash Chandra Garg has been appointed as Indias Alternate Governor to the Board of Governors of

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Economic Affairs Secretary Subhash Chandra Garg has been appointed as India’s Alternate Governor to the Board of Governors of

A	Asian Development Bank
B	International Monetary Fund
C	World Bank
D	New Development Bank

Explanation:

Detailed explanation-1: -Notes: Subhash Chandra Garg, the secretary of Department of Economic Affairs (DEA), has been appointed as India’s Alternate Governor on the Board of Governors of the Asian Development Bank (ADB), Manila, Philippines with effect from July 12, 2017. He succeeded Shaktikanta Das, the former secretary of DEA.

Detailed explanation-2: -Pages. Masatsugu Asakawa is the President of the Asian Development Bank (ADB) and the Chairperson of ADB’s Board of Directors. He was elected President by ADB’s Board of Governors and assumed office on 17 January 2020. In August 2021, he was reelected for a 5-year term starting on 24 November 2021.

Detailed explanation-3: -A founding member of ADB in 1966, India is now ADB’s fourth largest shareholder and its top borrower since 2010.

Detailed explanation-4: -He assumed the position in September 2020. Mr. Ashok Lavasa is responsible for ADB’s Private Sector Operations as well as Public-Private Partnerships.

There is 1 question to complete.