INTERNATIONAL
IMF / World Bank
World Bank Approves USD 500 Million Loan for Bihar Urban Transformation
The Bihar Cabinet has approved a USD 500 million loan from the World Bank to fund the Bihar Urban Transformation Programme.
The funding will be utilized to upgrade urban infrastructure, including water supply, sanitation, and municipal capacity building.
A primary goal is to strengthen urban governance and support sustainable city development across the state.
Significance: This external funding is critical for Bihar's planned urban expansion and civic infrastructure modernization.
The funding will be utilized to upgrade urban infrastructure, including water supply, sanitation, and municipal capacity building.
A primary goal is to strengthen urban governance and support sustainable city development across the state.
Significance: This external funding is critical for Bihar's planned urban expansion and civic infrastructure modernization.
Key Facts / Static GK
World Bank HQ: Washington D.C., USA
World Bank President: Ajay Banga
Currency: US Dollar (USD)
World Bank President: Ajay Banga
Currency: US Dollar (USD)
Practice Quiz — 11 May 2026
Q1. Regarding the Jan Suraksha schemes, which of the following statements is/are correct as of May 2026?
Answer: (B) The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has recorded the highest enrolments among the three. — Statement B is correct as PMSBY has 58.09 crore enrolments. Statement A is incorrect (launched in 2015). Statement C is incorrect (APY entry age is 18-40). Statement D is incorrect (PMJJBY coverage is ₹2 lakh).
Q2. Where will the new GaN-based semiconductor fabrication facility by Crystal Matrix Ltd be located?
Answer: (C) Dholera, Gujarat — Crystal Matrix Ltd will set up its GaN (Gallium Nitride) based semiconductor fabrication facility in Dholera, Gujarat.
Q3. What is the new Fair and Remunerative Price (FRP) for sugarcane approved for the 2026-27 season?
Answer: (D) ₹365 per quintal — The CCEA has approved a new FRP of ₹365 per quintal for the 2026-27 season, up from ₹355.
Q4. Which of the following represents the '5F' vision under the newly launched Mission for Cotton Productivity?
Answer: (A) Farm, Fibre, Factory, Fashion, Foreign — The 5F vision stands for Farm → Fibre → Factory → Fashion → Foreign.
Q5. What is the maximum credit guarantee percentage provided to MSMEs under the ECLGS 5.0 scheme?
Answer: (E) 100% — Under ECLGS 5.0, MSMEs are eligible for a 100% credit guarantee, while non-MSMEs and airlines receive a 90% guarantee.
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