Statement The Asian Development Bank has approved a 285 million loan...

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Statement : The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts.

Courses of Action :
I. India should use financial assistance from other international financial organisations to develop such ports in other places.
II. India should not seek such financial assistance from the international financial agencies.

A. Only I follows

B. Only II follows

C. Either I or II follows

D. Neither I nor II follows

E. Both I and II follow

Answer: Option A

Solution(By Examveda Team)

Clearly, such projects shall be an asset and a source of income to the country later on. So, course I shall follow.

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