Current Affairs

GK MCQs Section
Q. With reference to India’s borrowing from the Asian Development Bank (ADB), consider the following statements:
  1. India borrows from the ADB primarily through the Ordinary Capital Resources (OCR) route.
  2. India is eligible for the Asian Development Fund (ADF) concessional loans but has consciously opted out.
  3. India opted out of ADF mainly to allow Least Developed Countries (LDCs) to benefit from this facility.
Select the correct option from the codes given below:
Answer: 1, 2 & 3
Notes: India borrows from ADB through the OCR route since 1986 and is eligible for ADF concessional loans. However, India has consciously opted out of the ADF, allowing resources to be directed towards LDCs. This reflects India's status as a rising economy and a contributor to international development, not requiring the concessional ADF financing.
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