2023
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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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Asian Development Bank
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Asia Infrastructure Investment bank
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Detailed explanation-1: -The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in India’s northeastern state of Meghalaya.
Detailed explanation-2: -The Government of India and Asian Development Bank (ADB) today signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu.
Detailed explanation-3: -Loans and other debt instruments ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.