List – I List – II a. International Monetary Fund i. Lending to private sector b. International Bank for Reconstruction and Development ii. Balance of Payments problems c. International Development Association iii. Soft Loan to poor countries d. International Finance Corporation iv. Socio-economic infrastructure
Matching International Financial Institutions with Functions
This question requires matching four key international financial institutions from List-I with their primary roles or objectives from List-II.
Understanding the Institutions and Their Roles
Each institution has a specific mandate within the global financial system:
- International Monetary Fund (IMF): Focuses on global monetary cooperation, exchange rate stability, and assisting countries facing Balance of Payments problems.
- International Bank for Reconstruction and Development (IBRD): Provides loans and technical assistance to middle-income and creditworthy developing countries for development projects and fostering socio-economic infrastructure.
- International Development Association (IDA): Offers concessional or soft loans and grants to the world's poorest countries, focusing on poverty reduction and sustainable development.
- International Finance Corporation (IFC): Promotes the economic development of less-developed countries through the **private sector**, providing financing, advisory services, and capital markets development.
Solution Table
| List-I Institution | List-II Function | Matching |
|---|---|---|
| a. International Monetary Fund | ii. Balance of Payments problems | a-ii |
| b. International Bank for Reconstruction and Development | iv. Socio-economic infrastructure | b-iv |
| c. International Development Association | iii. Soft Loan to poor countries | c-iii |
| d. International Finance Corporation | i. Lending to private sector | d-i |
Correct Match Selection
Based on the established roles:
- IMF (a) addresses Balance of Payments problems (ii).
- IBRD (b) supports Socio-economic infrastructure (iv).
- IDA (c) provides Soft Loans to poor countries (iii).
- IFC (d) focuses on Lending to the private sector (i).
Therefore, the correct combination is a-ii, b-iv, c-iii, d-i.
Important Questions from International Economic institutions
- Match the items of List-I with List-II and denote the code of correct matching.Codes :
List – I List – II a. International Bank for Reconstruction and Development i. 1945 b. International Finance Corporation ii. 1956 c. Asian Development Bank iii. 1966 d. Export-Import Bank of India iv. 1981 Assertion (A) : International Finance Corporation (IFC) contributes to increase sustainable agriculture opportunities, improve health and education and increase access to financing for micro finance and business client.
Reasoning (R) : The IFC has focused on a set of development goals to ensure that its projects are expected to achieve the target.
Codes :
Match the items of List - I with those of List - II; and choose the correct code of combination :
List - I List - II (a) Poverty Reduction and Growtd Facility (PRGF) (i) 1997 (b) Supplemental Reserve Facility (SRF) (ii) 1974 (c) Extended Fund Facility (EFF) (iii) 1999 - Which among the following is not an international economic institution ?
In which of the following years was ADB (Asian Development Bank) established?
