UPSC Prelims 2010 · General Studies
Question 150: International Relations and Current Affairs
The International Development Association, a lending agency, is administered by the
AnswerThe answer is (a).
The International Development Association (IDA) is the arm of the World Bank Group that gives interest-free or low-interest credits and grants to the poorest countries. It was set up in 1960 and shares its management and staff with the International Bank for Reconstruction and Development (IBRD), which administers it. IFAD, UNDP and UNIDO are separate UN bodies. Remember: the World Bank = IBRD + IDA, and the Group also has the IFC, MIGA and ICSID.
Why each option is right or wrong
- (a) Right: the IBRD administers the IDA.
- (b) IFAD is a separate UN specialised agency for rural poverty.
- (c) UNDP is a separate UN development body.
- (d) UNIDO is a separate UN industrial development agency.
Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 2010, General Studies, Series A. The paper on upsc.gov.in.