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INTERNATIONAL IMF / World Bank

World Bank Sanctions Nearly $600 Million for Clean Air Initiatives in Uttar Pradesh and Haryana

The World Bank has approved two separate financing projects totaling approximately $600 million to improve air quality in Northern India.
Uttar Pradesh will receive $299.66 million for the UP Clean Air Management Program (UPCAMP), focusing on reducing pollution in the transport, agriculture, and industry sectors.
Haryana has been granted $300 million for its Clean Air Project for Sustainable Development, which includes the establishment of a Special Purpose Vehicle (SPV) named ARJUN.
The loans have different tenures: 10 years for Uttar Pradesh and 23.5 years for Haryana, aimed at benefiting 270 million people through better health and green job creation.

Key Facts / Static GK

World Bank Headquarters: Washington D.C., USA
World Bank President: Ajay Banga
ESMAP: Energy Sector Management Assistance Program

Q Practice Quiz — 18 March 2026

1. What is the total amount of penalty imposed by the RBI on Manappuram Finance for violating KMP compensation guidelines?

A ₹1.50 lakh
B ₹2.10 lakh
C ₹2.70 lakh
D ₹3.00 lakh
E ₹5.00 lakh

Explanation: The RBI imposed a monetary penalty of ₹2.70 lakh on Manappuram Finance for non-compliance with Key Managerial Personnel (KMP) compensation guidelines regarding pay deferral, malus, and clawback provisions.

2. Regarding the World Bank's Clean Air programs for UP and Haryana, which of the following statements is correct?

A Both states received an identical amount of $300 million.
B The Haryana project involves a Special Purpose Vehicle (SPV) named ARJUN.
C The loan tenure for Uttar Pradesh is longer than that for Haryana.
D The programs are exclusively funded by the World Bank without any additional international support.
E The focus of the UP program is limited only to the industrial sector.

Explanation: As part of the Haryana Clean Air Project, the state government has set up ARJUN (a Special Purpose Vehicle) for coordination and monitoring. Statement A is wrong (UP got $299.66m), C is wrong (Haryana tenure is longer), and D is wrong (Additional support from UK and Switzerland exists).

3. The ₹100-crore Integrated Aqua Park launched by the Union Minister is located in which district of Jammu and Kashmir?

A Srinagar
B Jammu
C Anantnag
D Baramulla
E Pulwama

Explanation: Union Minister Rajiv Ranjan Singh launched the ₹100 crore Integrated Aqua Park in Anantnag, Jammu and Kashmir, during the NCCWF conference.

4. Which of the following is NOT one of the six metro cities included in the Phase 1 launch of the '24 Speed Post' service?

A Bengaluru
B Hyderabad
C Pune
D Kolkata
E Chennai

Explanation: The six metro cities covered in Phase 1 are New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad. Pune is not part of this list.

5. What is the primary export target set for the newly launched Special Economic Zone (SEZ) IT Park in Puducherry?

A ₹1,250 crore
B ₹5,000 crore
C ₹7,500 crore
D ₹10,000 crore
E ₹15,000 crore

Explanation: The SEZ IT Park in Puducherry has been established with a specific export target of ₹10,000 crore.

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