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The Japan Bank for International Cooperation (JBIC) agreed to provide how much loan amount (in total) to the State Bank of India (SBI) and NTPC in support of India’s manufacturing and renewable energy sectors?
  • a)
    Rs 10,000 crore 
  • b)
    Rs 14,000 crore 
  • c)
    Rs 11,000 crore 
  • d)
    Rs 12,000 crore
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The Japan Bank for International Cooperation (JBIC) agreed to provide ...
The Japan Bank for International Cooperation (JBIC) signed loan agreements totaling about Rs 11,000 crore with the State Bank of India (SBI) and NTPC in support of India’s manufacturing and renewable energy sectors.
The JBIC agreed to provide $1 billion (approx Rs 7,400 crore) to SBI for funding the manufacturing and sales business of suppliers and dealers of Japanese automobile manufacturers as well as for the provision of auto loans for the purchase of Japanese automobiles in India.
The Japanese lender also signed an agreement for financing worth JPY 50 billion (approx Rs 3,500 crore) to state-owned power generation company, NTPC for solar power generation projects and installation of environmental equipment in India.
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The Japan Bank for International Cooperation (JBIC) agreed to provide ...
The Japan Bank for International Cooperation (JBIC) agreed to provide a loan amount of $636 million (approximately 50 billion yen) in total to the State Bank of India (SBI) and NTPC in support of India.
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The Japan Bank for International Cooperation (JBIC) agreed to provide how much loan amount (in total) to the State Bank of India (SBI) and NTPC in support of India’s manufacturing and renewable energy sectors?a)Rs 10,000 croreb)Rs 14,000 crorec)Rs 11,000 crored)Rs 12,000 croreCorrect answer is option 'C'. Can you explain this answer?
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