2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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AIIB
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ADB
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World bank
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RBI
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Detailed explanation-1: -Notes: India has recently signed the “Framework for Strategic Partnership” – an MoU with International Energy Agency (IEA).
Detailed explanation-2: -1) ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month.
Detailed explanation-3: -ADB obtains its funding by issuing bonds on the world’s capital markets. It also relies on the contributions of member countries, retained earnings from lending operations, and the repayment of loans.
Detailed explanation-4: -ADB also promotes private sector development, gender empowerment, regional integration, and knowledge services along with capacity development. To date, ADB has committed 589 public sector loans, grants, and technical assistance totaling $50.8 billion to India.