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Banking - General Knowledge Questions
Which bank approves USD 1.5 bn loan to India for COVID-19 vaccine procurement?
A)
World Bank
B)
Asian Development Bank (ADB)
C)
Reserve Bank of India (RBI)
D)
Central Bank of India

Correct Answer :   Asian Development Bank (ADB)

Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19). The fund will be used to procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country. The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project.

Published On : November 26, 2021
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