2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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327
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215
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245
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175
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Detailed explanation-1: -The World Bank has approved a loan of USD 245 million to support the Railway Logistics Project. The loan will support India’s efforts to modernise rail freight and logistics infrastructure. Railways are losing market share to trucks over time.
Detailed explanation-2: -World Bank Provides $245 Million to Help Indian Railways Carry More Freight, Reduce GHG Emissions. WASHINGTON, June 10, 2022 – The World Bank’s Board of Executive Directors today approved a $245 million loan to support India’s efforts to modernize rail freight and logistics infrastructure.
Detailed explanation-3: -Yet, 71% of India’s freight is transported by road and only 17% by rail. World Bank has said that the capacity constraints of Indian Railways have limited the volumes and reduced the speed and reliability of shipments.
Detailed explanation-4: -Detailed Solution. The correct answer is Coal.
Detailed explanation-5: -“The target of 40-45 per cent modal share for railways is necessary from the perspective of sustainability and also from the national commitments made globally for reducing emission levels,” stated the Economic Survey.