CURRENT AFFAIRS

2021

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

Which institution has recently sanctioned a $304 million loan for Assam Intra-State Transmission System Enhancement Project?

A	World Bank
B	ADB
C	Asian Infrastructure Investment Bank
D	New Development Bank

Explanation:

Detailed explanation-1: -Notes: India and the Asian Infrastructure Investment Bank (AIIB) signed a USD 304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project.

Detailed explanation-2: -New Delhi: India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern state.

Detailed explanation-3: -The Reserve Bank of India (RBI) compiles and publishes on a daily basis the Reference Rate for Spot USD/INR. Under the existing methodology, the rate is arrived at through a polling process involving rates obtained from select banks.

There is 1 question to complete.