Q. Consider the following statements regarding the International Finance Corporation (IFC):
1.It lends money to public sector companies of its member nations.
2.It provides advice for public-private ventures and projects in partnership with private investors.
Which of the statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation: The IFC is the private sector arm of the World Bank Group. It lends to private sector companies and provides advisory services to encourage private investment. It does not lend to public sector companies.
(Source: Ramesh Singh)

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