Which of the following institutions is known as the 'soft loan window' of the World Bank?
International Development Association (IDA)
The International Development Association (IDA) is the World Bank’s concessional financing arm, often called its soft-loan window. It supports poorer countries through grants and credits on concessional terms.
The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following?
Match the items of List - II with the items of List - I and select the code of correct matching. The items relate to International Trade Theories.
List – I | List – II | ||
(a) | Comparative Cost Theory | (i) | Adam Smith |
(b) | Opportunity Cost Theory | (ii) | Gottfried Haberler. |
(c) | Factor Endowment Theory | (iii) | David Ricardo |
(d) | Absolute Cost Theory | (iv) | Eli Heckscher and Bertil Ohlin. |
Match List I with List II
List I | List II | ||
A. | Supply side of International Trade | I. | David Ricardo |
B. | Demand side of International Trade | II. | Bastable and Alfred Marshall |
C. | Opportunity cost of International Trade | III. | G. Haberler |
D. | Real cost theory of International Trade | IV. | Alfred Marshall and Edgeworth |
Choose the correct answer from the options given below:
Assertion (A): International standardization can reduce manufacturing and marketing costs through shared product designs and campaigns.
Reason (R): Some foreign markets require product adaptations to meet local preferences or legal requirements.
Choose the correct answer.
Match List I with List II
| List I | List II | ||
| Theories of International Tradee | Propounder (s) | ||
| (a) | Theory of Absolute Advantage | (i) | Raymond Vernon |
| (b) | Factor Proportion Theory | (ii) | Steffan Linder |
| (c) | Country Similarity Theory | (iii) | Heckscher Ohlin |
| (d) | Product Life Cycle Theory | (iv) | Adam Smith |