World Bank, GOI and West Bengal Gov. Signed Loan Agreement

January 06, 2021
Current Context: The World Bank, Government of India and Government of West Bengal have entered into a loan agreement to improve waterways in West Bengal.
World Bank, GOI and West Bengal Gov. Signed Loan Agreement
  • For this purpose, a loan agreement of $105 million was signed. 
  • This funds will be utilized to upgrade inland water transport infrastructure, logistics and special development project in Kolkata.
  • The loan is having a maturity of 17 years including the grace period of 7 years.
  • The up-gradation in Waterways will facilitate freight and passenger Movement in the Hooghly River.
  • The funds will also be used to improve accessibility in Kolkata Metropolitan Area which will improve logistics in the state.
  • Static Part: 
    • Folk Dances of WB: Gambhira Dance, Kathi dance, The Baul dance, Domni, Dhunachi
    • Thermal Power Plant in WB: Farakka Super Thermal Power Plant, Durgapur Steel Thermal Power Station

Question: 

Q.1 World Bank offered a loan of $105 million to improve Waterways in which Indian State?
a. Goa
b. West Bengal
c. Gujarat
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