Q. Consider the following statements regarding the International Development Association (IDA):
1.It was established as part of the World Bank Group to provide concessional loans and grants to the poorest countries.
2.Its headquarters is located in Geneva, Switzerland.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation:
- Statement 1 is correct. The International Development Association (IDA) was established in 1960 as part of the World Bank Group to provide concessional loans and grants to the poorest countries.
- Statement 2 is incorrect. The headquarters of the IDA is located in Washington, D.C., not Geneva.
Source- IDA
