2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asian Development Bank
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Reserve Bank of India
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World Bank
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Asian Infrastructure and Investment Bank
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Detailed explanation-1: -A dispute thus arose between two countries regarding the utilization of irrigation water from existing facilities. Negotiations held under the good offices of International Bank for Reconstruction and Development (World Bank), culminated in the signing of Indus Waters Treaty in 1960.
Detailed explanation-2: -Finally in 1960, after nearly a decade of fact-finding, negotiation, proposals by the World Bank and amendments to them, an agreement was reached between the two countries, and the Indus Waters Treaty (IWT) was signed by former Prime Minister Jawaharlal Nehru and then President of Pakistan, Ayub Khan.
Detailed explanation-3: -The Indus Waters Treaty, which was signed in 1960 between India and Pakistan, has never been modified, and is often cited as one of the most successful international treaties in South Asia which has endured wars and tension between India and Pakistan.