CURRENT AFFAIRS

2020

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

The Government of India and the Asian Infrastructure Investment Bank (AIIB) signed an agreement for how much dollar “COVID-19 Emergency Response and Health Systems Preparedness Project” on 8 May?

A	$400 million
B	$200 million
C	$500 million
D	$300 million

Explanation:

Detailed explanation-1: -The Asian Infrastructure Investment Bank (AIIB) is set to invest $150 million in the development of data centers to mostly serve emerging Asia.

Detailed explanation-2: -India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second-highest voting share after China. Patel will be one of the 5 Vice Presidents of the AIIB with a three-year tenure. He will succeed outgoing Vice President D.J. Pandian.

Detailed explanation-3: -The Asian Infrastructure Investment Bank (AIIB) has committed USD150 million to invest in the development of data centers that mostly serve emerging Asia through the Keppel Data Centre Fund II (KDCF II), a closed-end private equity vehicle managed by Alpha Investment Partners Limited (Alpha).

Detailed explanation-4: -AIIB offers sovereign and non-sovereign financing for sound and sustainable projects in energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, and urban development and logistics.

There is 1 question to complete.