BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Prime Minister Narendra Modi has announced____financial assistance to Bhutan for its 12th five-year plan.
A
Rs. 3, 500 crore
B
Rs. 5, 500 crore
C
Rs. 9, 500 crore
D
Rs. 4, 500 crore
Explanation: 

Detailed explanation-1: -The Government of India has allocated Rs 2, 400 crore for Bhutan, a slight increase compared to last year of Rs 2, 266 crore. It received the largest share of the amount that the Budget allocated for the Ministry of External Affairs (MEA) under “Grants and Loans to Foreign Governments".

Detailed explanation-2: -Major exports from India to Bhutan are mineral products, machinery and mechanical appliances, electrical equipments, base metals, vehicles, vegetable products, plastics and articles.

Detailed explanation-3: -India remains influential over Bhutan’s foreign policy, defence and commerce. Bhutan is the largest beneficiary of India’s foreign aid.

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