2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
India
|
|
|
Pakistan
|
|
|
Indonesia
|
|
|
Iran
|
Detailed explanation-1: -ADB, India Sign $120 Million Loan to Improve Rail Infrastructure | Asian Development Bank.
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: -ADB obtains its funding by issuing bonds on the world’s capital markets. It also relies on the contributions of member countries, retained earnings from lending operations, and the repayment of loans.
Detailed explanation-4: -The United States is a founding member of ADB. It has provided $23.19 billion in capital subscription to ADB.
Detailed explanation-5: -A founding member of ADB in 1966, India is now ADB’s fourth largest shareholder and its top borrower since 2010.