2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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AIIB
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BRICS Bank
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IMF
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ADB
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Detailed explanation-1: -Industrial corridors as catalysts for sustainable urbanization across India. The Asian Development Bank (ADB) on October 29, 2021, approved a $250 million (about Rs 1, 875 crores) loan to offer support to India’s National Industrial Corridor Development Program (NICDP).
Detailed explanation-2: -The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the centre’s reforms aimed at strengthening and modernizing logistics infrastructure, improving efficiency, and lowering costs.
Detailed explanation-3: -Agencies Established in 1966, ADB is owned by 68 members. The Asian Development Bank (ADB) has signed a pact with the Government of India to provide a loan of USD 250 million (about Rs 1, 872 crore) to support the country’s National Industrial Corridor Development Program (NICDP).
Detailed explanation-4: -Delhi Mumbai Industrial Corridor (DMIC) project was approved by Union Cabinet of India in 2007. Later, the institutional and financial structure of the project was approved by the Government of India are the Scheme was launched in September, 2011.
Detailed explanation-5: -India’s National Industrial Corridor Development Program (NICDP) aims at developing world-class industrial nodes.