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Indian EconomyMedium

The Visakhapatnam Chennai Industrial Corridor is being developed with the support of which institution?

  1. A.The World Bank
  2. B.The Asian Development Bank
  3. C.The New Development Bank
  4. D.The Asian Infrastructure Investment Bank

Correct answer

B. The Asian Development Bank

Explanation

The correct answer is B, the Asian Development Bank, which prepared the conceptual development plan for the corridor and has financed its infrastructure in Andhra Pradesh. A is wrong because the World Bank, although a large lender to Indian infrastructure, is not the partner institution identified with this corridor. C is wrong because the New Development Bank, set up by the BRICS countries with its headquarters at Shanghai, lends to Indian projects but is not the sponsor of this corridor. D is wrong because the Asian Infrastructure Investment Bank, headquartered at Beijing, likewise finances Indian projects but is not associated with this corridor. The partner institutions are worth tabulating: Japan for Delhi Mumbai and Chennai Bengaluru, the United Kingdom for Bengaluru Mumbai and the Asian Development Bank here.

Read the full article: Industrial Corridors of India: Nodes and Partners

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Q1.Indian EconomyMedium

The Delhi Mumbai Industrial Corridor is aligned along the Western Dedicated Freight Corridor, which runs from Dadri to which port?

  1. A.Kandla Port
  2. B.Jawaharlal Nehru Port
  3. C.Mormugao Port
  4. D.Mundra Port
Show answer
Correct answer: B. Jawaharlal Nehru Port

The Western Dedicated Freight Corridor, the spine of the Delhi Mumbai Industrial Corridor, runs about fifteen hundred kilometres from Dadri in Uttar Pradesh to the Jawaharlal Nehru Port near Navi Mumbai, which is India's largest container handling port.