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  9. Q22

SSC GD Constable 2021 · Question 22 of 377

Which of the following banks signed a $1 billion loan agreement with Japan Bank for International Cooperation in October 2020?

  1. ABank of Baroda
  2. BIndustrial Development Bank of India
  3. CPunjab National Bank
  4. DState Bank of IndiaCorrect

Answer: D. State Bank of India

Explanation

The correct answer is State Bank of India. Key Points The State Bank of India signed a $1 billion loan agreement with Japan Bank for International Cooperation in October 2020. The loan is intended to promote the smooth flow of funds for the whole range of business operations of Japanese automobile manufacturers in India. $600 mn will be financed by JBIC while the remaining amount will be financed by other participating banks. Additional Information SBI (Sept 2022): Founded - 1 July 1955. Chairperson - Dinesh Kumar Khara. Headquarters - Mumbai.

Source: SSC GD Constable 2021 Prev. Year Paper (2021-11-30 Shift 1) English — Prepp (with solutions) · reliable-secondary

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