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  1. Which of the following public sector banks would receive the loans from New Development Bank of BRICS countries?
    1. Punjab National Bank
    2. Canara Bank
    3. Bank of Baroda
    4. State Bank of India
Correct Option: B

The New Development Bank (NDB) of BRICS countries, in April 2016, handed out $250 million to India’s Canara Bank for renewable energy projects as part of its first set of loans amounting to more than $800 million. The clean energy generated by the projects in India is expected to reduce greenhouse gas emissions by around 815,000 tonnes.


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