India and ADB signed Loan Agreement

Current Context: India and Asian Development Bank (ADB) signed a loan agreement to upgrade the roads in Sikkim.

• The loan agreement of $2.5 million was signed between India and ADB.
• ADB will grant $2.5 million project readiness financing (PRF) support.
• The loan was signed for the project called ‘Sikkim Major District Road Upgradation Project’.
• The project will highly help to help improve connectivity between towns and rural areas of the state.
• This loan for the project will also help to enhance the economy of the state.
• The roads will be upgraded in order to withstand landslides and erosion calamity.
• Static Part: 
• HQ of ADB: Mandaluyong, Philippines
• President of ADB: Masatsugu Asakawa
• CM of Sikkim: P. S. Golay
• Governor of Sikkim: Ganga Prasad Chaurasia

Question: 

Q.1 Which organisation granted a loan to India to upgrade roads in Sikkim?
a. ADB
b. World Bank
c. AIIB
d. NDB