CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state gets 80 million dollar loan from ADB to help boost employability of state?
A
Himachal Pradesh
B
Bihar
C
Tamil Nadu
D
Kerala
Explanation: 

Detailed explanation-1: -“After achieving impressive enrollment rates for higher education, the state of Himachal Pradesh faces “second-generation” challenge of preparing its youth for the challenging labor market, ” said Mr. Yokoyama. “The project will help in equipping the youth with market-relevant technical and vocational skills."

Detailed explanation-2: -Non-profit government organizations typically receive funding from governments, charities, corporations, benefactors, and regional organizations. As an AAA-rated institution, the Asian Development Bank (ADB) raises funds through bond issues on the world’s capital markets.

Detailed explanation-3: -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.

Detailed explanation-4: -The United States is a founding member of ADB. It has provided $23.19 billion in capital subscription to ADB.

There is 1 question to complete.