CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which bank SAARC Development Fund has signed an agreement for co-financing of projects
A
World Bank
B
Asian Development Bank
C
Reserve Bank of India
D
The Royal Bank of Scotland
Explanation: 

Detailed explanation-1: -The secretariat office of SAARC Development Fund (SDF) is in Thimphu, Bhutan. The SDF Secretariat was established in April 2010 during the sixteenth SAARC summit in Bhutan. SDF works as an umbrella financial institute for all SAARC developmental projects and programmes.

Detailed explanation-2: -A Charter of the SAARC Development Fund (SDF) was signed by the SAARC leaders on 3 August 2008 at the Fifteenth SAARC Summit (Colombo, 2–3 August 2008) a SDF Permanent Secretariat was inaugurated in Thimphu on 28 April 2010 during the Sixteenth SAARC Summit (Thimphu, 28-29 April 2010).

There is 1 question to complete.