The Asian Development Bank has authorised a $285 million loan to finance a project by the Paradip and Madras Port Trusts to build coal ports. Action Plan: India should seek financial help from other international financial institutions to establish similar ports in other countries. India should not rely on international financial institutions for such support.
A. Only I follows
B. Only II follows
C. Either I or II follows
D. Neither I nor II follows
Answer:A
The Asian Development Bank has authorised a $285 million loan to finance a project by the Paradip and Madras Port Trusts to build coal ports. Action Plan: India should seek financial help from other international financial institutions to establish similar ports in other countries. India should not rely on international financial institutions for such support.
A. Only I follows B. Only II follows C. Either I or II follows D. Neither I nor II follows
Explanation: Clearly, such initiatives will be an asset and a source of revenue for the country in the future. So that's the path I'll take.