BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asian Development Bank (ADB)
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World Trade Organization (WTO)
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Asian Infrastructure Investment Bank (AIIB)
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World Bank (WB)
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Detailed explanation-1: -The World Bank has cleared a $250-million loan to aid the Skill India mission. The loan amount would be used for making Indian youth more employable through reskilling.
Detailed explanation-2: -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-3: -ADVERTISEMENTS: It not only grants loans out of its own funds, but it also assists private foreign investment by guaranteeing or participating in loans and investments made by private investors and coordinates the lending activities of the rich countries at a governmental level.
Detailed explanation-4: -The chief objective of this policy is to match the challenge of skilling at scale with speed, standard (quality), and sustainability. It aims to offer an umbrella framework to all skilling activities carried out within India, to align them to common standards and connect skilling with demand centres.
Detailed explanation-5: -India has been accessing funds from the World Bank (mainly through IBRD and IDA) for various development projects. India is one of the founder members of IBRD, IDA and IFC. World Bank assistance in India started from 1948 when a funding for Agricultural Machinery Project was approved.