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    Question

    What is the main objective of the $23 million loan

    agreement between India and the Asian Development Bank (ADB)?
    A Development of smart cities across India Correct Answer Incorrect Answer
    B Enhancement of digital education platforms Correct Answer Incorrect Answer
    C Construction of new highways and infrastructure Correct Answer Incorrect Answer
    D Boosting agricultural exports from India Correct Answer Incorrect Answer
    E Establishment of an International Fintech Institute (IFI) in Gujarat International Finance Tec-City (GIFT-City) Correct Answer Incorrect Answer

    Solution

    The primary aim of the $23 million loan between India and the ADB is to establish an International Fintech Institute (IFI) in Gujarat's GIFT-City. This initiative is designed to foster innovation in the fintech sector, contributing to the development of financial technologies and supporting the growth of the fintech ecosystem within the region.

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