CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The World Bank Group (WBG) has approved USD 210 million loan to strengthen gram panchayats (GPs) in which state
A
Odisha
B
Bihar
C
Haryana
D
West Bengal
Explanation: 

Detailed explanation-1: -World Bank Approves US$210 Million for Strengthening Gram Panchayats Across West Bengal, India.

Detailed explanation-2: -The Government of India, the Government of West Bengal, and the World Bank signed a $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in the state of West Bengal. West Bengal runs more than 400 programs that provide social assistance, care services, and jobs.

Detailed explanation-3: -2017 is the 70th anniversary of the signing of the World Bank’s first loan – a Reconstruction Loan to France in 1947.

Detailed explanation-4: -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.

There is 1 question to complete.