2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Indian government has signed a loan agreement worth USD 500 million with AIIB for a transport project in which city?
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Mumbai
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Delhi
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Bengaluru
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Kolkata
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Explanation:
Detailed explanation-1: -India is by far the top recipient of AIIB loans, accounting for almost 20% of the bank’s projects.
Detailed explanation-2: -The Asian Infrastructure Investment Bank (AIIB) is a new international development bank that provides financing for infrastructure projects in Asia.
Detailed explanation-3: -According to AIIB’s Articles of Agreement, the operations of the Bank consist of ordinary operations financed from its ordinary resources, and special operations financed from its Special Fund resources.
There is 1 question to complete.