2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rajasthan
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Madhya Pradesh
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Uttar Pradesh
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Haryana
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Detailed explanation-1: -ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India.
Detailed explanation-2: -ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Detailed explanation-3: -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-4: -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-5: -A founding member of ADB in 1966, India is now ADB’s fourth largest shareholder and its top borrower since 2010.