Innovate In India (i3) will be witnessing an investment of $250 Million, out of which the loan from World Bank is: (Topic : Growth Measurement) – 1 Marker

Innovate In India (i3) will be witnessing an investment of $250 Millio

1.	Innovate In India (i3) will be witnessing an investment of $250 Million, out of which the loan from World Bank is: (Topic : Growth Measurement) – 1 Marker
A.	120 Million
B.	130 Million
C.	115 Million
D.	125 Million
E.	110 Million
Answer» E. 110 Million

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“We don’t need no education,” crooned Pink Floyd decades ago. The Government of India eminently disagrees. It wants us and our coming generations to imbibe world class education — from ‘Institutions of Eminence’. Miffed that even the best Indian academic institutions did not make it to the lists of top ranked global universities and did not produce enough cutting-edge research, the government decided that something needed to be done. The answer: Institutions of Eminence. The hunt began last year with the University Grants Commission tasked with selecting 10 government universities and 10 private ones that would be a cut above the rest. These Institutions of Eminence would be given significant autonomy in operations — from setting their curriculum and recruiting foreign faculty to entering academic tie-ups. The selected government institutions would also be given up to Rs 1,000 crore over five years to help them become world-class. The ultimate objective is for these Institutions of Eminence to acquire global standing in a few years. [S.3, Q.1] The Union Ministry of Human Resource Development (HRD) has granted Institution of Eminence (IoE) status to how many institutions? (Topic : Growth Measurement) – 2 Marker
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Innovate In India (i3) will be witnessing an investment of $250 Million, out of which the loan from World Bank is: (Topic : Growth Measurement) – 1 Marker

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