SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Consider the following regarding International Development Association (IDA):
    1. IDA is an associate institution of World Bank known as soft loan window of World Bank.
    2. The resources of IDA include subscribed capital by member countries, general replenishments by developed countries, net income transferred by IBRD. Which of these statements is/are correct?

    A)  Only 1 

    B)  Only 2

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: C

    Solution :

    [c] The International Development Association (IDA) is the part of the World Bank that helps the world's poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called "credits") and grants for programs that boost economic growth, reduce inequalities, and improve people's living conditions. IDA complements the World Bank's original lending arm-the International Bank for Reconstruction and Development (IBRD). IBRD was established to function as a self-sustaining business and provides loans and advice to middle-income and credit-worthy poor countries. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.

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