UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          The International Development Association, a lending agency, is administered by the:

    A) International Bank for Reconstruction and Development

    B) International Fund for Agricultural Development

    C) United Nations Development Programme.

    D) United Nations Industrial Development Organization

    Correct Answer: A

    Solution :

     International Development Association (IDA) is a part of the World Bank that helps the world?s poorest countries. It complements the World Bank?s other lending arm? the International Bank for Reconstruction and Development (IBRD) which serves middle-income countries with capital investment and advisory services. IDA was created in 1960.


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