Question

Which of the following organizations provides loans and grants to member countries for human development (education and health), agriculture and rural development, in- frastructure, and environment protection?

• A. WTO
• B. World Bank
• C. IMF
• D. UNO

Answer 1

The Correct Option is B

The organization that provides loans and grants to member countries for human development (education and health), agriculture and rural development, infrastructure, and environment protection is the World Bank.

Additional Context:

• Officially known as the International Bank for Reconstruction and Development (IBRD)
• Provides both investment loans and development policy financing
• Works closely with its affiliate, the International Development Association (IDA), which offers interest-free credits
• Focuses on poverty reduction and sustainable development
• Different from IMF which focuses on macroeconomic stability and balance of payments issues

Correct Answer: (2) World Bank

Answer 2

• The World Bank provides loans and grants to member countries for human development, including education and health.
• It also supports agriculture and rural development projects.
• Infrastructure development and environment protection are key focus areas for the World Bank.
• Unlike WTO and IMF, the World Bank primarily focuses on funding development projects.

The correct answer is (B): World Bank