In 2019, with which international financial institution did India sign an agreement to operationalize two lines for the Mumbai Metro Rail System?
- AOption (a)
Asian Development Bank
- BOption (b)
International Monetary Fund
- COption (c)
Asian Infrastructure Investment Bank
- DOption (d)
World Bank
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Correct answer
Asian Development Bank
Why this answer is correct
The correct answer is Asian Development Bank.
Key Points
- The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in Manila, Philippines.
- The ADB was founded to promote social and economic development in Asia.
- India signed an agreement with the ADB in 2019 to operationalize two lines for the Mumbai Metro Rail System.
- The agreement aimed to improve the efficiency of urban transport and ease traffic congestion in Mumbai, facilitating better connectivity.
Additional Information
- Asian Development Bank (ADB)
- The ADB was established to foster economic growth and cooperation in the Asia-Pacific region.
- It provides loans, technical assistance, grants, and equity investments to promote social and economic development.
- The bank has 68 members, 49 of which are from the Asia-Pacific region.
- ADB's operations are primarily directed at developing member countries, particularly those with low income, to reduce poverty and improve the quality of life.
- Mumbai Metro Rail System
- Mumbai Metro is a rapid transit system serving the city of Mumbai, Maharashtra.
- The system is designed to reduce traffic congestion in the city and supplement the overcrowded Mumbai Suburban Railway network.
- It is being implemented in multiple phases, with the first line inaugurated in June 2014.
- The project aims to improve public transportation, reduce travel time, and provide a modern, efficient, and sustainable means of transport for the residents of Mumbai.


















