2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Uttar Pradesh
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Kerala
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Goa
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Tamil Nadu
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Detailed explanation-1: -The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan to upgrade over 300 kilometres of state highways and major district roads (MDRs) in Assam.
Detailed explanation-2: -It also provides financing to certain private sector projects as well as public-private partnerships through grants, loans, technical assistance, and equity investments to promote development. The ADB is controlled by member countries, with the U.S. and Japan having the largest stake.
Detailed explanation-3: -As of 31 December 2020, Japan and the United States each holds the largest proportion of shares at 15.571%.
Detailed explanation-4: -The Memorandum of Understanding (hereinafter referred to as “MOU") is entered into by the Asian Development Bank, (hereinafter referred to as “ADB") and the South Asian Association for Regional Cooperation (hereinafter referred to as “SAARC") dated 12 April 2004.
Detailed explanation-5: -About ADB: It is a regional development bank. Established on 19 December 1966. Headquartered-Manila, Philippines.