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?

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Q: 115 (CDS-II/2017)

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?

question_subject: 

Current Affairs

question_exam: 

CDS-II

stats: 

0,6,20,1,6,12,7

keywords: 

{'global environment facility grant agreement': [0, 0, 0, 1], 'ecosystems service improvement project': [0, 0, 0, 1], 'world bank': [0, 1, 0, 3], 'gef trust fund': [0, 0, 0, 1], 'climate change': [1, 0, 2, 2], 'environment': [2, 0, 0, 3], 'duration': [0, 0, 1, 0], 'forest': [9, 1, 6, 21], 'years': [1, 0, 0, 2]}

Option 1 states that the size of the project is about USD 25 million. This means that the funding allocated for the project is approximately USD 25 million.

Option 2 claims that the duration of the project is 15 years. This means that the project is expected to be implemented and completed over a period of 15 years.

Option 3 states that the project will entirely be financed by the World Bank out of its GEF Trust Fund. This means that the World Bank will provide all the necessary funding for the project from its Global Environment Facility Trust Fund.

Option 4 mentions that the Ministry of Environment, Forest and Climate Change will implement the project. This means that the responsibility for overseeing and executing the project lies with this ministry.

The correct answer to the question is option 2. This implies that the duration of the project is not 15 years, and thus this statement is incorrect. All the other options are correct as explained above.

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