Questions

The China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved $160 million loan for Andhra Pradesh – 24×7 Power for All project with an objective to strengthen power transmission and distribution system in the state. It is the first credit from the AIIB for an Indian project. The power project is co-financed by the World Bank (WB). The project is part of the Government of India’s Power for All Program that was launched in 2014 to provide an efficient, reliable and affordable electricity supply to all consumers across selected states within five years from the start of implementation of the program in each state.

Continuously rendered services are those services, which are prepared and provided only to the customers who are physically present. This kind of service is not finished in instant time; it is a process, which is extended to a time limit. It is a kind of face-to-face interaction. For example reservation service, restaurant service, massage, etc.

The Rate of doing work or rate of transfer of energy is called Power.