BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India has extended a grant assistance of up to USD____million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9, 000 people.
A
USD 2000 million
B
USD 1500 million
C
USD 500 million
D
USD 250 million
Explanation: 

Detailed explanation-1: -Projects under Lines of Credit: A total of $ 1.65 billion has been extended to Nepal under four separate Lines of Credit by GoI, which have been utilized to finance several projects in Nepal, mostly roads, transmission lines and reconstruction projects.

Detailed explanation-2: -India has been assisting the Nepal Army (NA) in its modernisation by supplying equipment and providing training. Assistance during disasters, joint military exercises, adventure activities and bilateral visits are other aspects of India’s defence cooperation with Nepal.

Detailed explanation-3: -India has provided 1.54 billion Nepalese Rupees (INR nearly 96 crore) to Nepal as part of its commitment towards assistance and rehabilitation after the 2015 earthquake which saw the death of over 9, 000 people in the country, the Indian Embassy in Kathmandu said on Thursday.

Detailed explanation-4: -India constructed Nepal’s first highway, Tribhuvan Rajpath, to link Kathmandu to Birgunj through the most difficult rugged hill regions of the country as far back as in 1956.

There is 1 question to complete.