New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    The ________ approved a $245-million loan for the rail

    logistics project to help reduce India’s high carbon emissions and low modal freight share in the railways.
    A IMF Correct Answer Incorrect Answer
    B World Bank Correct Answer Incorrect Answer
    C ADB Correct Answer Incorrect Answer
    D AIIB Correct Answer Incorrect Answer
    E NDB Correct Answer Incorrect Answer

    Solution

    The World Bank approved a $245-million loan for the rail logistics project to help reduce India’s high carbon emissions and low modal freight share in the railways. The project will help India shift more traffic from road to rail, making transport — both freight and passenger — more efficient, and reduce millions of tonnes of greenhouse gas emissions each year. The project will also incentivise more private sector investment in the sector.

    Practice Next

    Relevant for Exams: