Current Context: The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease pandemic.
- The loan amount will be utilized by India to fulfill its immediate priorities like disease contentment and prevention, social protection for poor, and economically weak sections of the society.
- The loan amount has been sanctioned under ADBs COVID-19 Active Response and Expenditure Support Program (CARES).
Static Part:
- HQ of ADB: Manila
- President of ADB: Masatsugu Asakawa
Question:
Q.1 The Asian Development Bank (ADB) signed a ______ loan to GOI to combat COVID-19 pandemic under its CARES Programme?
a. $1.3 billion
b. $1.6 billion
c. $1.4 billion
d. $1.5 billion
a. $1.3 billion
b. $1.6 billion
c. $1.4 billion
d. $1.5 billion
