Question : In December 2021, ____ approved a $500 million loan to the Government of India to help improve the quality of the country's school education and mitigate the impact of the COVID-19 pandemic on the students' learning.
Option 1: Central Bank of Bahrain
Option 2: European Central Bank
Option 3: Asian Development Bank
Option 4: National Development Bank
Correct Answer: Asian Development Bank
Solution : The correct option is the Asian Development Bank.
The Asian Development Bank has granted a USD 500 million loan to India to enhance the quality of the nation's school education. This financial assistance will bolster India's Integrated Scheme for School Education and aid in alleviating the educational challenges faced by students due to the impact of the COVID-19 pandemic.
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