Match List-I with List-II and select the correct answer using the codes given below the lists: A. WTO

Question

Match List-I with List-II and select the correct answer using the codes given below the lists:

| List-I | List-II |
| A. WTO | 1. Provides loans to address short term balance payment problems |
| B. IDA | 2. Multilateral trade negotiation body |
| C. IMF | 3. Sanction of soft loans |
| D. IBRD | 4. Facilitating lending and borrowing for reconstruction and development |

Codes:

(a) A- 2; B - 3; C - 4; D -1

(b) A- 2; B - 3; C - 1; D -4

(c) A- 3; B - 2; C - 4; D -1

(d) A- 3; B - 2; C - 1; D -4

Answer 1

(b) In 1995, the World Trade Organization (WTO) replaced the GATT as the administrative body. A current round of multilateral trade negotiations was conducted in the Doha Development Agenda round. IDA as an agency to provide 'soft-loans' to developing countries, was floated within the Bank under the stewardship of President Eugene ****. Historically, the bulk of non-concessional IMF assistance has been provided through SBAs. The SBA is designed to help countries address short-term balance of payments problems. Most of IBRD' lending generally falls under two categories: investment project financing and development policy operations.