2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USD 1 million
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USD 2 million
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USD 3 million
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USD 4 million
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Detailed explanation-1: -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-2: -ADB’s COVID-19 Response is a $20 billion package to support its developing member countries in countering the severe macroeconomic and health impacts caused by COVID-19, including $2.5 billion in concessional and grant resources, as well as $2 billion earmarked for the private sector (nonsovereign).
Detailed explanation-3: -Niue became the 68th Member of the Asian Development Bank in March 2019.
Detailed explanation-4: -ADB also promotes private sector development, gender empowerment, regional integration, and knowledge services along with capacity development. To date, ADB has committed 589 public sector loans, grants, and technical assistance totaling $50.8 billion to India.