BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
IMF
|
|
|
IBRD
|
|
|
IDA
|
|
|
IFC
|
Detailed explanation-1: -Detailed Solution. The International Development Association (IDA) is known as the soft loan window of the World Bank.
Detailed explanation-2: -The International Development Association (IDA) is a multinational financial institution providing aid to poor countries in the form of loans. It is also referred to as soft loan window of the World Bank.
Detailed explanation-3: -An example of a soft loan is a $2 billion loan by China’s Export-Import Bank to Angola in October 2004 to help build infrastructure. In return, the Angolan government gave China a stake in oil exploration off the coast. Another example is the interest free soft loan of Rs.
Detailed explanation-4: -The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.
Detailed explanation-5: -Detailed Solution. The correct answer is IDA.