BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Central government and the World Bank have signed____loan agreements for India Energy Efficiency Scale up Programme.
A
100 million dollar
B
200 million dollar
C
300 million dollar
D
400 million dollar
Explanation: 

Detailed explanation-1: -External Debt in India averaged 322631.35 USD Million from 1999 until 2022, reaching an all time high of 619585.00 USD Million in the first quarter of 2022 and a record low of 96392.00 USD Million in the third quarter of 2000.

Detailed explanation-2: -India Energy Efficiency Scale-Up Program: Objectives To expand the distribution of energy-saving appliances in the public and residential sectors. To strengthen EESL’s institutional capacity, and improve its access to commercial financing. To help schemes like UJALA and Street Lighting National Program (SLNP).

Detailed explanation-3: -"The World Bank is pleased to be a partner of the state of Punjab in the state’s effort to deliver timely, cost-effective and good-quality public services, which is critical for inclusive development, ” said Auguste Tano Kouame, the World Bank’s Country Director in India.

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