ADB to Offer $112 million Loan for ASU

Current Context: The Asian Development Bank (ADB) has approved loan to establish Assam Skill University (ASU).

• The loan of $112 million will be provided by ADB for the same.
• The ASU will help to strengthen skills education and training facilities.
• This will help to enhance productivity and competitiveness in Assam’s economy.
• Various employment opportunities will emerge with the prospect of getting higher-paying, decent jobs to the youths, women, and disadvantaged groups of the state.
• The funds will be used to develop management, operating systems, business models, and faculty and staff for ASU.
• Static Part: 
• HQ of ADB: Manila, Philippines
• President of ADB: Masatsugu Asakawa

Question: 

Q.1 Which financial organization grants a loan to establish Assam Skill University (ASU)?
a. New Development Bank
b. Asian Development Bank
c. Asian Infrastructure Investment Bank
d. World Bank