CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following bank will give USD 451 million loan for Chennai-Kanyakumari Industrial Corridor power links?

A	World Bank
B	International Monetary Fund
C	Bank of China
D	Asian Development Bank

Explanation:

Detailed explanation-1: -The Asian Development Bank (ADB) has extended a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC).

Detailed explanation-2: -The Chennai Kanyakumari Industrial Corridor (CKIC) part of the East Coast Economic Corridors, is envisaged along the coast of Tamil Nadu to leverage upon Tamil Nadu’s 1,000 km long coastline and operational ports.

Detailed explanation-3: -ADB $250 million loan for India’s National Industrial Corridor Development Program (NICDP)

Detailed explanation-4: -ADB, India Sign $251 Million Loan for Integrated Urban Flood Management in Chennai | Asian Development Bank.

Detailed explanation-5: -The corridors are the Chennai-Bengaluru Industrial Corridor (CBIC), Chennai-Kanniyakumari Industrial Corridor (CKIC), and the Industrial Manufacturing Cluster (IMC) in Dharmapuri under Kochi-Coimbatore-Bengaluru Industrial Corridor.

There is 1 question to complete.