CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many millions did Asian Development Bank approved for Chhattisgarh Road Improvement Project?
A
$350 millions
B
$280 millions
C
$410 millions
D
$520 millions
Explanation: 

Detailed explanation-1: -ADB $350 Million Loan to Upgrade State and District Roads in Chhattisgarh. ADB has approved a $350 million loan to rehabilitate and upgrade state highways and major district roads in Chhattisgarh, which will improve connectivity and access to basic services and livelihood opportunities.

Detailed explanation-2: -The two largest shareholders of the Asian Development Bank are the United States and Japan. Although the majority of the Bank’s members are from the Asia-Pacific region, the industrialized nations are also well-represented.

Detailed explanation-3: -The 2022 forecast for Southeast Asia is upgraded from 5.1% to 5.5% on robust consumption and tourism recovery in Malaysia, the Philippines, Thailand, and Viet Nam. The 2023 forecast is revised down to 4.7% as global demand weakens.

Detailed explanation-4: -Traditionally, the President of ADB has always been Japanese. 7. Which of the following country has the highest subscribed capital of the ADB? Explanation: Japan is the largest contributor in the subscribed capital of the country.

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