India has signed a loan agreement worth $275 million with which of the following agencies/banks for improving rural road connectivity in five states in the country ?

Asian Development Bank

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European Central Bank

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Bank of Japan

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World Bank

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None of these

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Solution

The correct option is A Asian Development Bank
The Government of India (GOI) and Asian Development Bank (ADB) signed a $275 m i l l i o n l o a n a g r e e m e n t t o c o n t i n u e i m p r o v i n g r u r a l r o a d s i n t h e s t a t e s o f A s s a m, C h h a t t i s g a r h, M a d h y a P r a d e s h, O d i s h a, a n d W e s t B e n g a l . T h e l o a n r e p r e s e n t s t h e s e c o n d t r a n c h e o f$ 800 million financing facility under the Rural Connectivity Investment Program (RCIP).

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