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India signs loan agreement of $250 Million with which International Organization for SANKALP Project?
  • a)
    HSBC Holdings
  • b)
    World Bank
  • c)
    Bank of China
  • d)
    JPMorgan Chase
  • e)
    Mitsubishi UFJ Financial Group
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
India signs loan agreement of $250 Million with which International Or...
India signed Financing Agreement for International Bank for Reconstruction and Development (IBRD) loan of USD 250 million for the Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project. IBRD is a member institution of the World Bank Group.Objective of SANKALP project is to strengthen institutional mechanisms for skill development as well as to increase access to quality and market-relevant training for the work force.Institutional Strengthening at the National as well as State Levels for Planning, Delivering, and Monitoring High-Quality Market-Relevant Training, Improved access to and completion of skills training for female trainees and other disadvantaged groups, Improved Quality and Market Relevance of Skills Development Programs and Expanding skills training through private-public partnerships (PPPs) are the key result areas of SANKALP Project.
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India signs loan agreement of $250 Million with which International Organization for SANKALP Project?a)HSBC Holdingsb)World Bankc)Bank of Chinad)JPMorgan Chasee)Mitsubishi UFJ Financial GroupCorrect answer is option 'B'. Can you explain this answer?
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