The Asian Development Bank (ADB) and the Government of lndia signed a$ 346 million loan to finance improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in

BANKING GENERAL KNOWLEDGE

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

A	Karnataka
B	West Bengal
C	Rajasthan
D	Maharashtra

Explanation:

Detailed explanation-1: -Detailed Solution. The correct answer is Asian Development Bank. For the highways up-gradation project in Karnataka, the Asian Development Bank has approved a loan of $ 346 million.

Detailed explanation-2: -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-3: -The Asian Development Bank (ADB) and the Government of India today signed a $220 million loan to improve energy security, quality of supply, efficiency, and resilience of power sector in Tripura.

Detailed explanation-4: -ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Detailed explanation-5: -The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines.

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