Current Affairs - 2021

Which bank approved a USD 350 million loan to improve India's urban services?
A)
Central Bank of India
B)
Reserve Bank of India (RBI)
C)
State Bank of India (SBI)
D)
Asian Development Bank (ADB)

Correct Answer :   Asian Development Bank


Asian Development Bank (ADB) has approved a Rs 2653.05 crore (USD 350 million) policy-based loan to improve urban services in India. This loan supports the policies formulated by the Ministry of Housing and Urban Affairs (MoHUA) to benefit the urban poor, economically weaker sections, and low-income groups.

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