Current Affairs Exam  >  Current Affairs Questions  >  India has signed how much amount of loan agre... Start Learning for Free
India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?
  • a)
    $120 million
  • b)
    $280 million
  • c)
    $220 million
  • d)
    $190 million
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
India has signed how much amount of loan agreement with Asian Developm...
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a $120 million loan agreement for completion of works for double-tracking and electrification of railways tracks along high-density corridors to improve operational efficiency of Indian railways. The tranche 3 loan is part of the $500 million multi-tranche financing facility for Railway Sector Investment Program approved by the ADB Board in 2011. The loan amount will be used to complete the ongoing works commenced under earlier tranches. The purpose of the project is to increase the efficiency of the rail infrastructure through electrification, introduction of modern signaling system, and doubling rail tracks on key routes in the country. ADB loan has a 20-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADB's London interbank offered rate (LIBOR)-based lending facility, and a commitment charge of 0.15% per year.
View all questions of this test
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer?
Question Description
India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer?.
Solutions for India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice India has signed how much amount of loan agreement with Asian Development Bank (ADB) to improve rail infrastructure?a)$120 millionb)$280 millionc)$220 milliond)$190 millionCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev