CURRENT AFFAIRS QUIZ - 2019
Which bank has signed an agreement to provide USD 750 million to India for Railway Track Electrification?
A)
Asian Development Bank
B)
World Bank
C)
Islamic Development Bank
D)
International Monetary Fund

Correct Answer : Option (A) - Asian Development Bank

Note : Multilateral funding agency Asian Development Bank (ADB) has announced that it has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India. It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project.