MCQ ADB to Boost Climate Lending by $7.2 Billion with First-Ever U.S., Japan Guarantees Questions with Answers

1. What is the total amount of climate finance lending boost planned by ADB?

1) $6.2 billion
2) $7.2 billion
3) $8.2 billion
4) $9.2 billion

Answer: 2) $7.2 billion

2. How much will the United States guarantee in existing loans?

1) $1 billion
2) $2 billion
3) $600 million
4) $500 million

Answer: 1) $1 billion

3. What is ADB’s cumulative climate finance target from 2019 to 2030?

1) $50 billion
2) $75 billion
3) $100 billion
4) $150 billion

Answer: 3) $100 billion

4. Where is COP29 scheduled to take place?

1) Dubai
2) Tokyo
3) Beijing
4) Baku

Answer: 4) Baku

5. How much did ADB lend towards climate initiatives in 2023?

1) $7.8 billion
2) $8.8 billion
3) $9.8 billion
4) $10.8 billion

Answer: 3) $9.8 billion

6. How much will Japan underwrite in the new agreement?

1) $400 million
2) $500 million
3) $600 million
4) $700 million

Answer: 3) $600 million

7. When is the Pakistan sustainable aviation fuel project expected to be finalized?

1) October 20, 2024
2) November 20, 2024
3) December 20, 2024
4) January 20, 2025

Answer: 2) November 20, 2024

8. How much funding will developing countries require annually by 2030 for climate transition?

1) $1 trillion
2) $1.5 trillion
3) $2 trillion
4) $2.5 trillion

Answer: 3) $2 trillion

9. What is the duration of the guarantee arrangement?

1) 15 years
2) 20 years
3) 25 years
4) 30 years

Answer: 3) 25 years

10. What is the approximate cost of the Pakistan sustainable aviation fuel project?

1) $70 million
2) $80 million
3) $90 million
4) $100 million

Answer: 3) $90 million

11. In which sector were sovereign guarantees traditionally used before climate finance?

1) Healthcare
2) Education
3) Agriculture
4) Transportation

Answer: 2) Education

12. Which of these institutions is NOT mentioned as collaborating with ADB?

1) World Bank
2) European Investment Bank
3) African Development Bank
4) Western governments

Answer: 3) African Development Bank

13. When will the additional lending from the new arrangement be expected to deploy?

1) Within 3 years
2) Within 5 years
3) Within 7 years
4) Within 10 years

Answer: 2) Within 5 years

14. What type of fuel will the Pakistan project generate?

1) Biofuel
2) Hydrogen fuel
3) Sustainable aviation fuel
4) Solar fuel

Answer: 3) Sustainable aviation fuel

15. What raw material will be used in the Pakistan project?

1) Cooking oil
2) Corn
3) Sugarcane
4) Palm oil

Answer: 1) Cooking oil

16. By when does the World Bank aim to double its annual guarantee figures?

1) 2025
2) 2028
3) 2030
4) 2035

Answer: 3) 2030

17. What makes this initiative historically significant?

1) First use of sovereign guarantees for climate finance
2) Largest climate finance deal
3) First international cooperation for climate finance
4) First ADB climate initiative

Answer: 1) First use of sovereign guarantees for climate finance

18. What percentage of the Pakistan project will be funded by ADB?

1) 25%
2) 40%
3) 50%
4) 75%

Answer: 3) 50%

19. What is the primary focus of rich nations at COP29?

1) Carbon reduction
2) Technology transfer
3) Financing deal beyond donations
4) Environmental protection

Answer: 3) Financing deal beyond donations

20. Which type of countries are identified as increasingly vulnerable to climate change?

1) Developed nations
2) Developing nations
3) Industrial nations
4) Island nations only

Answer: 2)b>

21. What is the main purpose of the World Bank’s new platform?

1) To provide direct loans
2) To consolidate guarantees
3) To fund research
4) To manage investments

Answer: 2) To consolidate guarantees

22. What is emphasized as crucial for climate action?

1) Political will
2) Technology development
3) Financial resources
4) Public awareness

Answer: 3) Financial resources

23. Which of these is mentioned as a key player in meeting climate financial needs?

1) NGOs
2) Private investors
3) Local governments
4) Environmental agencies

Answer: 2) Private investors

24. What is causing the increased need for climate funding?

1) Population growth
2) Economic development
3) Extreme weather events
4) Industrial expansion

Answer: 3) Extreme weather events

25. What best describes the ADB’s new strategy?

1) A framework for other development banks
2) A competitive lending program
3) An environmental protection plan
4) A regional development scheme

Answer: 1) A framework for other development banks