Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — A- 2; B - 3; C - 1; D -4
Concept & Option Breakdown
Standard Reference VerifiedMatching of international financial and trade institutions:
- WTO: Multilateral trade negotiation body (2).
- IDA (International Development Association): Provides concessional/soft loans to the poorest developing countries (3).
- IMF: Provides financial assistance and loans to address balance of payments problems (1).
- IBRD (World Bank): Facilitates lending for capital reconstruction and economic development (4). Hence, A-2; B-3; C-1; D-4.
WTO is the premier trade body (A-2) and IDA is famously known as the World Bank's 'soft loan window' (B-3), immediately pointing to option (b).
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