Which one of the following statements about the Global Environment Facility Grant Agreement, signed by India in August 2017 with the World Bank for ‘Ecosystems Service Improvement Project’, is not correct?
[amp_mcq option1=”The size of the project is about USD 25 million.” option2=”The duration of the project is 15 years.” option3=”The project will entirely be financed out of its GEF Trust Fund.” option4=”The Ministry of Environment, Forest and Climate Change will implement the project.” correct=”option2″]
This question was previously asked in
UPSC CDS-2 – 2017
Statement B is not correct. The ‘Ecosystems Service Improvement Project’ signed by India with the World Bank for GEF funding in August 2017 had a planned duration of 5 years, not 15 years. The project became effective in August 2017 and was scheduled to close in June 2022.
The ‘Ecosystems Service Improvement Project’ had a project duration of 5 years, not 15 years.