CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ADB has approved how much loan to improve the livability of Agartala, India?
A
$61 million
B
$41 million
C
$50 million
D
$80 million
Explanation: 

Detailed explanation-1: -The Asian Development Bank (ADB) and the government of India have signed a $220-million loan agreement to improve energy security, quality of supply, efficiency, and resilience of power sector in Tripura.

Detailed explanation-2: -ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.

Detailed explanation-3: -ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Detailed explanation-4: -ADB offers loans, grants, and technical assistance from Special Funds, Trust Funds, and other sources to help reduce poverty in Asia’s poorest countries. Home.

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