New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
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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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