UPSC Prelims PYQ 1999: Match WTO, IDA, IMF, IBRD with functions

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

List I

1. WTO
2. IDA
3. IMF
4. IBRD

List II

1. Provides loans to address short-term balance of payment problems
2. Multi-lateral trade negotiation
3. Sanction of soft loans
4. Facilitating lending’s and borrowings for reconstruction and development

Codes:

1. I-B, II-C, III-D, IV-A
2. I-B, II-C, III-A, IV-D
3. I-C, II-B, III-D, IV-A
4. I-C, II-B, III-A, IV-D

Explanation

Option (b) is correct

• World Trade Organization (WTO) is associated with multilateral trade negotiations (B). International Development Association (IDA) provides soft loans to developing countries (C). International Monetary Fund (IMF) provides loans to address short-term balance of payments problems (A). International Bank for Reconstruction and Development (IBRD) facilitates lending and borrowing for reconstruction and development (D)

Answer: (b) I-B, II-C, III-A, IV-D