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SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    India has become the borrower of the International Bank for Reconstruction and Development, the World Bank lending arm which serves middle-income countries with capital investment and advisory services?

    A)  Largest

    B)  second largest

    C)  Third largest     

    D)  fourth largest

    Correct Answer: C

    Solution :

    [c] India has become the largest borrower from the International Development Association (IDA), the soft loan affiliate of the World Bank, which helps the world's poorest countries, with a total borrowing of $2,578 million. India is also now the third largest borrower of the International Bank for Reconstruction and Development (the World Bank), with a total portfolio of $ 21.9 billion (Rs. 98, 590 crore).


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