The Asian Development Bank will increase its annual lending to India to a maximum of how much billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle-income status.

BANKING GENERAL KNOWLEDGE

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

A	$ 6 billion
B	$ 4 billion
C	$ 10 billion
D	$ 15 billion

Explanation:

Detailed explanation-1: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22. For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent.

Detailed explanation-2: -ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Detailed explanation-3: -ADB has approved USD 500 million (about Rs 3, 752 crore) loan to help the government of India improve the quality of the country’s school education and mitigate the impact of the coronavirus disease (COVID-19) pandemic on students’ learning, ADB stated on Thursday.

Detailed explanation-4: -MANILA, PHILIPPINES (3 November 2022)-The Asian Development Bank (ADB) today approved a $350 million loan to improve the connectivity of key economic areas in Maharashtra, India.

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