CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many millions loan did Government of India and ADB signed to support IIFCL in India?
A
300
B
250
C
450
D
850
Explanation: 

Detailed explanation-1: -ADB Signs $68 Million Loan with IIFL Home Finance to Boost Women’s Access to Affordable Green Housing in India.

Detailed explanation-2: -ADB has approved a $130 million loan to increase agricultural productivity and promote horticulture agribusinesses to raise farmers’ income in Himachal Pradesh, India.

Detailed explanation-3: -ADB supports building India’s economic competitiveness and job creation, helps address climate-related challenges, and assists low-income states.

Detailed explanation-4: -Middle-income countries borrow from ADB at near-market terms, while lower-income countries access loans at reduced rates. A number of DMCs can access the ADF for grants to improve the quality of life of the poor and vulnerable.

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