2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Bank
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New Development Bank
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IMF
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Asian Development Bank
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Detailed explanation-1: -The correct answer is World Bank. The Inland Water Transport (IWT) Department has signed an MoU with the World Bank for a Rs 770 crore loan to improve river transportation in Assam. The central government would refund 80 per cent of the sanctioned amount and the state government would bear the remaining 20 per cent.
Detailed explanation-2: -For the implementation of Assam Inland Water Transport Project, the Government of India (GoI), the Government of Assam and the World Bank have signed a $88 million loan agreement. The loan agreement seeks to modernize the Assam’s passenger ferry sector by improving the infrastructure and its services.
Detailed explanation-3: -Assam Inland Water Transport was established in the year 1958.