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Q79
(IAS/1999)
History & Culture › National Movement (1857–1947) › National movement chronology
Match List I with List II and select the correct answer using the codes given below the Lists
List I | List II
I. WTO | (A) Provides loans to address short-term balance of payment problems
II. IDA | (B) Multi-lateral trade negotiation body
III. IMF | (C) Sanction of soft loans
IV. IBRD | (D) Facilitating lendings and borrowings for reconstruction and development
Result
Your answer:
—
·
Correct:
B
Explanation
Here is how to match them: The WTO manages global trade rules and negotiations. The IDA is known as the 'soft loan window' of the World Bank, offering concessional loans to poorer nations. The IMF focuses on global financial stability and provides loans to resolve short-term balance of payment crises. Lastly, the IBRD (part of the World Bank) was created to facilitate loans for economic reconstruction and development. Therefore, the correct pairs are I-B, II-C, III-A, and IV-D.
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