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      Question

      World Bank provides __________ loans for promoting

      balanced economic development, while International Monetary Fund provides _____________ loans to the member countries for eliminating BoP disequilibrium.
      A Short Term, Long Term Correct Answer Incorrect Answer
      B Long Term, Short Term Correct Answer Incorrect Answer
      C Short Term, Short Term Correct Answer Incorrect Answer
      D Long Term, Long Term Correct Answer Incorrect Answer

      Solution

      Both World bank and IMF have been established to promote international economic cooperation but a basic difference is found in the nature of economic assistance given by these two institutions. Both these institutions are complementary to each other.

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