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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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