Question

The Government of India recently signed a pact for a $500 million project to build safe and green national highway corridors in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh, with which of these organisations ?

• A. Asian Development Bank
• B. G20
• C. World Bank
• D. International Monetary Fund

Answer 1

The Correct Option is C

The Government of India recently signed a pact with the World Bank for a $500 million project aimed at constructing safe and green national highway corridors in Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh.

Understanding the Role of Organizations:

• Asian Development Bank (ADB): A regional development bank aimed at promoting economic and social development in Asian countries.
• G20: An international forum for governments and central bank governors from 20 major economies.
• World Bank: An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
• International Monetary Fund (IMF): An organization of 190 countries working to foster global monetary cooperation and financial stability.

In this context, the World Bank is the organization involved in the funding and development of infrastructure projects like national highways to support safe and sustainable transportation methods.