Which of the following organisation has offered 1.5$ billion dollar for Swachh Bharat Mission?

IMF

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World Bank

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Asian Development Bank

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New Development Bank (BRICS)

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Solution

The correct option is A World Bank
The World Bank has offered a $1.5 billion loan for the 'Swachh Bharat Mission (SBM) Support Operation Project' to support the Government of India in its efforts to ensure all citizens in rural areas have access to improved sanitation – such as a toilet or latrine with a focus on changing behaviors – in ending the practice of open defecation by 2019.

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21. With reference to BRICS bank/ New development Bank,

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ii. Voting power of each member is equal to the number of its subscribed shares in capital stock.

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Consider the following statements regarding recently established multilateral financial institutions:-

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