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    Question

    What is the objective of the pact signed between RITES

    and Indian Railway Finance Corporation (IRFC)?
    A To explore possibilities of collaboration in the aviation sector Correct Answer Incorrect Answer
    B To provide financial services to railway projects/ institutions. Correct Answer Incorrect Answer
    C To offer consultancy services for transport infrastructure projects. Correct Answer Incorrect Answer
    D To promote eco-friendly transportation solutions. Correct Answer Incorrect Answer
    E To facilitate technological advancements in the railway sector. Correct Answer Incorrect Answer

    Solution

    RITES has signed a pact with the Indian Railway Finance Corporation (IRFC) to explore possibilities of collaborating in the railway ecosystem and transport infrastructure sector.RITES will offer consultancy and advisory services and assist in ascertaining the financial & technical viability of projects, while IRFC will provide financial services to projects/ institutions that have got backwards and forward linkages with the Railways.

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