SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    International Development Association (IDA) is called the 'soft' window of the World Bank (WB) because

    A)  It lends for software and it development

    B)  Taking loans from it is very easy

    C)  Its loans are interest free

    D)  None

    Correct Answer: C

    Solution :

    [c] Its loans are interest free. Very important point to remember about IDA. Its loans are interest free (only administrative cost is charged). Further, the repayment period is very long like 35-40 years and the repayment starts after 10 years of taking loans. This way, it helps the developing countries to focus on development without worrying about paying back of loan quickly.

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