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.
Theory of international trade promotes
A. Increase in demand for exportable products
B. Rise in prices and volumes
C. Improvement in quality of products
D. Reduction in prices and increase in quality for consumers
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Out of the following, which are the IMF facilities available to member countries?
A. Extended Fund Facility (EFF)
B. Structural Adjustment Lending (SAL)
C. Compensatory Financing Facility (CFF)
D. Stand-by Arrangements (SBA)
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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 |
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