How much loan amount in US dollars was sanctioned by the World Bank to help India develop its first modern inland waterway project on the Ganga River?

Introduction / Context:
India has been working to improve its transport infrastructure by developing modern inland waterways, especially on the Ganga River. The World Bank often supports such large infrastructure projects through long term loans. This question tests awareness of a specific figure related to that support, namely the exact loan amount sanctioned for India's first modern inland waterway project on the Ganga. Remembering such key numbers is useful for exams on business awareness, banking, and general economics.

Given Data / Assumptions:

• The project mentioned is India's first modern inland waterway on the Ganga River.
• The loan was sanctioned by the World Bank.
• The options provide four possible dollar amounts: 575 million, 275 million, 375 million, and 475 million.
• We assume these are all expressed in US dollars.

Concept / Approach:
Questions like this are factual recall items. The approach is to associate the figure with a clear mental picture: development of National Waterway 1 on the Ganga between Varanasi and Haldia, supported by the World Bank. In many exam oriented sources, the key fact is that the World Bank approved a loan of 375 million US dollars for capacity augmentation and development of this waterway. Fixing the number 375 million in memory alongside the phrase first modern inland waterway on the Ganga helps in quick recall.

Step-by-Step Solution:
Step 1: Identify the project in the question as the first modern inland waterway of India on the Ganga River, also known as National Waterway 1. Step 2: Recall from standard general knowledge and banking awareness sources that the World Bank approved a loan of 375 million US dollars for this project. Step 3: Compare the recalled figure 375 million with the options given in the question. Step 4: Match the recalled value to the option that reads 375 million dollars. Step 5: Conclude that the correct answer must be the option which states 375 million dollars.

Verification / Alternative check:
A quick way to verify is to remember that the loan amount was neither extremely small nor extremely large for a national level waterway project. Amounts like 275 million may be somewhat low for a large infrastructure corridor, while 575 million or 475 million are not the commonly quoted figures in standard questions. The figure 375 million appears again and again in banking awareness notes related to National Waterway 1, which reinforces that 375 million is correct. Another way is to associate 3 and 7 as digits and remember it as mid range among the options provided.

Why Other Options Are Wrong:
The option 575 million is incorrect because this amount is not the sanctioned figure generally associated with the first modern inland waterway project on the Ganga. The option 275 million is also wrong as it understates the actual size of the World Bank loan. The option 475 million is incorrect because there is no widely cited agreement at that figure for this particular project. Only 375 million matches the documented loan amount for National Waterway 1.

Common Pitfalls:
Learners may confuse this amount with other World Bank or international loans for different infrastructure projects in India. Another common mistake is to simply pick the largest figure, assuming bigger projects always mean the highest amount, or to choose a rounded sounding number without verifying it. Some candidates also swap the digits and misremember 375 as 575 or 275. To avoid such confusion, it is helpful to connect 375 million firmly with the phrase Ganga waterway or National Waterway 1 in your notes.

Final Answer:
The World Bank sanctioned a loan amount of $375 million to help India develop its first modern inland waterway on the Ganga River.