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    Question

    In 1960, _____________, a World Bank arm was established

    to serve as the Bank's concessional lending arm and provide low and no-cost finance and grants to the poorest of the developing countries as measured by gross national income per capita.
    A International Bank for Reconstruction and Development Correct Answer Incorrect Answer
    B International Development Agency Correct Answer Incorrect Answer
    C International Finance Corporation Correct Answer Incorrect Answer
    D Multilateral Investment Guarantee Agency Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In 1960, the International Development Association (IDA) was established to serve as the Bank's concessional lending arm and provide low and no-cost finance and grants to the poorest of the developing countries as measured by gross national income per capita.

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