2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much amount has been granted by the ADB to the Government of India through a sovereign loan in 2021?
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USD 2.9 billion
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USD 5.1 billion
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USD 3.7 billion
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USD 4.6 billion
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Explanation:
Detailed explanation-1: -In 2021, ADB committed a record $4.6 billion in sovereign loans to India. ADB also committed $36.51 million in technical assistance and $3 million in grants under the sovereign portfolio.
Detailed explanation-2: -Detailed Solution. The correct answer is The Asian Development Bank. The Asian Development Bank (ADB) provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response.
Detailed explanation-3: -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.
There is 1 question to complete.