BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The government of India and the Asian Development Bank (ADB) signed a$ 375 million loan agreement to contribute to double farming incomes in____by expanding irrigation networks and system efficiency.
A
Uttar Pradesh
B
Madhya Pradesh
C
Maharashtra
D
Gujarat
Explanation: 

Detailed explanation-1: -MANILA, PHILIPPINES (31 May 2018)-The Asian Development Bank’s (ADB) Board of Directors has approved a $375 million loan for a project that will contribute to doubling farming incomes in the Indian state of Madhya Pradesh by expanding irrigation networks and system efficiency.

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: -Q. The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in which state? Notes: The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in the Chennai–Kosasthalaiyar river basin in the state of Tamil Nadu.

Detailed explanation-5: -ADB supports building India’s economic competitiveness and job creation, helps address climate-related challenges, and assists low-income states.

There is 1 question to complete.