National - Current Affairs and GK

Q1:

With which organization did India sign a $400 million policy-based loan agreement for urban infrastructure development?

A World Bank

B Asian Development Bank (ADB)

C International Monetary Fund (IMF)

D United Nations Development Programme (UNDP)

ANS:B - Asian Development Bank (ADB)

India signed a $400 million policy-based loan agreement with the Asian Development Bank (ADB) to enhance urban infrastructure, emphasizing the nation's dedication to planned and sustainable urbanization, aiming to improve service delivery and governance systems.