| Consider the following: |
| 1. The World Bank constituted India Aid club in 1950 to provide financial assistance to India |
| 2. Aid India Club was a consortium of the major lending countries. 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] In 1950, the World Bank founded Aid India Club to provide massive assistance to finance India's developmental plans. Aid India Club is a consortium of the major lending countries, such as, U.K., U.S.A., Germany, France, Japan, Canada, etc.
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