Multiple Choice Questions on How much Loan amount has been approved by the AIIB to India for COVID 19 response ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

How much Loan amount has been approved by the AIIB to India for COVID 19 response ........

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    How much Loan amount has been approved by the AIIB to India for COVID-19 response ?

    $550 million

    Incorrect Answer

    $750 million

    Correct Answer

    $850 million

    Incorrect Answer

    $950 million

    Incorrect Answer
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    Explanation:
    • Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved USD 750 million as a loan to India to help government to strengthen its response to the effect of the coronavirus pandemic on millions of poor households.
    • AIIB is co-financing the loan with the Asian Development Bank (ADB).
    • This is the second loan for India under AIIB’s Covid-19 Crisis Recovery Facility (CRF).
    • Earlier, the bank had provided USD 500 million COVID-19 emergency response to India

    By: Rohit Middha
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