ADB and Standard Chartered Sign Trade and Supply Chain Finance Agreement via GIFT City
The partnership features risk-sharing mechanisms covering transactions denominated in both US Dollars (USD) and Indian Rupees (INR).
The entire financial arrangement is strategically structured through the Gujarat International Finance Tec-City (GIFT City).
Collaborative financing arrangements involving multilateral banks and global financial centers like GIFT City are key focus points for banking exams.
Key Facts / Static GK
ADB President: Masato Kanda
ADB Formation Year: 19 December 1966
GIFT City Location: Gandhinagar, Gujarat
Practice Quiz — 5 June 2026
Q1. Consider the following statements regarding the recent United Nations Security Council (UNSC) elections: 1. Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe have been elected as non-permanent members. 2. Their two-year term will commence on 1 January 2027. 3. They will replace members including Denmark, Greece, and Pakistan. Which of the statements given above are correct?
Q2. What is the maximum subsidy amount provided to households for installing a rooftop solar system of 3 kW or more under the PM Surya Ghar: Muft Bijli Yojana?
Q3. With reference to Flex-Fuel Vehicles (FFVs) in India, consider the following statements: 1. They can operate on fuel blends ranging from E20 to E100. 2. The country's first flex-fuel passenger car is developed by Maruti Suzuki. Which of the statement(s) is/are correct?
Q4. Which central ministry has launched 'Mission Senehjori' to transform Assam's Muga Silk into a global luxury brand?
Q5. The Critical Minerals Global Supply Chain Observatory (GSCO) was recently established as a joint bilateral initiative between India and which other country?
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