2016
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Telecommunication
|
|
|
Solar
|
|
|
Water
|
|
|
Suzlon
|
Detailed explanation-1: -BRICS ’ New Development Bank provides USD 1 billion loan to India to fight COVID-19. Emergency loans to the NDB member countries could be used to finance direct expenses related to the fight against COVID-19 outbreak and provide support to governmental measures contributing to economic recovery.
Detailed explanation-2: -BRICS stands for Brazil, Russia, India, China, and South Africa. India is chair of the BRICS grouping for 2021. BRICS Development Bank was founded in the year 2014 at the 6th BRICS Summit in Fortaleza, Brazil.
Detailed explanation-3: -The New Development Bank (NDB), the Shanghai-based multilateral bank of the Brics countries, will open its first regional office in India at the Gujarat International Finance Tec-City (GIFT City) to cater to infrastructure and sustainable development needs of the country, the bank said in a statement on Friday.
Detailed explanation-4: -The New Development Bank shall have an initial subscribed capital of US$ 50 billion and an initial authorized capital of US$ 100 billion.
Detailed explanation-5: -2017 is the 70th anniversary of the signing of the World Bank’s first loan – a Reconstruction Loan to France in 1947.