The Asian Infrastructure Investment Bank (AIIB) approved what loan amount for a power project in the Indian state of Andhra Pradesh?

Introduction / Context:
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that funds major infrastructure projects in Asia. India has been one of the largest recipients of AIIB financing. This question tests knowledge of a specific loan approved for a power project in Andhra Pradesh, focusing on the exact loan amount sanctioned.

Given Data / Assumptions:

The lending institution is AIIB.
The project is a power sector project in Andhra Pradesh, India.
The question asks for the sanctioned loan amount in millions of dollars.
Four different dollar amounts are presented as options.

Concept / Approach:
The concept here is factual recall of international financial assistance figures. Many current affairs compilations highlight the first few AIIB loans approved for India. For Andhra Pradesh, AIIB approved a loan of 160 million dollars for a power related project, which candidates are expected to remember.

Step-by-Step Solution:
Step 1: Note that the question connects AIIB, Andhra Pradesh, and a power project loan. Step 2: Recall that the widely reported loan figure for this project was 160 million dollars. Step 3: Look through the options and choose the amount that matches this recollection, which is 160 million dollars.

Verification / Alternative check:
Government press releases and AIIB official documents on approved projects list the Andhra Pradesh power project and show the approved loan amount as 160 million dollars. Referring to these authentic sources confirms that option D is correct and the other amounts do not match this specific project.

Why Other Options Are Wrong:
The figure 185 million dollars does not correspond to the known AIIB loan for this Andhra Pradesh power project, so option A is incorrect.
The amount 220 million dollars is higher than the approved figure and relates to other loans, not this one, so option B is wrong.
The value 210 million dollars again does not match the documented project amount for Andhra Pradesh, making option C incorrect.

Common Pitfalls:
Students often mix up figures from different infrastructure loans because the amounts are similar and all in the range of hundreds of millions. Another pitfall is to choose the largest number under the assumption that more money means more importance. Careful revision of exact figures and associating them with the correct states and sectors is essential to avoid such errors.

Final Answer:
AIIB approved a loan amount of $160 million for the Andhra Pradesh power project.