ADB and India signs loan agreement for West Bengal

December 04, 2020
Current Context: The Asian Development Bank (ADB) and the GOI has signed a loan agreement to improve financial management procedures and operational efficiencies in West Bengal.
ADB and India signs loan agreement for West Bengal
  • They have signed a loan agreement of $50 million.
  • The loan amount will be utilized under the project titled 'West Bengal Public Finance Management Investment Programme'. 
  • This loan amount will help to achieve more fiscal savings, promote informed decision making, and improve service delivery in West Bengal.
  • Static Part: 
    • HQ of ADB: Mandaluyong, Philippines.
    • President of ADB: Masatsugu Asakawa
    • National Parks and Wild Life Sanctuaries in West Bengal: Gorumara NP, Buxa NP, Jaldapara NP, Sundarbans NP, ChintamoniKar Bird Sanctuary, Jore Pokhri WLS, Raiganj WLS, Mahananda WLS, Senchal WLS

Question: 

Q.1 Asian Development Bank (ADB) and the GOI has signed a loan agreement to improve financial management procedures and operational efficiencies in which the state of India?
a. West Bengal
b. Tamil Nadu
c. Haryana
d. Maharashtra

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience