2017 GS Paper I, all questions

UPSC Prelims 2017 · GS Paper I

Question 56: Economy and Social Development

The Global Infrastructure Facility is a/an

aASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
bWorld Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
cCollaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.
dUNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.

AnswerUPSC’s answer is (b).

The Global Infrastructure Facility was launched in 2014 and is hosted by the World Bank Group, working with governments, multilateral development banks, private investors and financiers. It helps governments prepare and structure complex infrastructure public-private partnerships so that private and institutional investors' capital can be mobilised. It is not an ASEAN initiative financed by the ADB, a collaboration of the world's major banks with the OECD, or an UNCTAD-funded initiative. Remember: GIF = World Bank-hosted PPP project preparation platform.

Why each option is right or wrong
  • (a) Wrong: it is not an ASEAN initiative funded by ADB credit.
  • (b) Right: it is a World Bank-hosted facility that prepares complex infrastructure PPPs.
  • (c) Wrong: it is not a collaboration of major banks working with the OECD.
  • (d) Wrong: it is not funded by UNCTAD.

Answer: UPSC’s key. Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2017, General Studies Paper I, Series A. The paper on upsc.gov.in.