Question : Which institution is known as the 'Soft Loan Window' of the World Bank?
Option 1: IDBI
Option 2: IDA
Option 3: IMF
Option 4: RBI
Correct Answer: IDA
Solution : The correct option is IDA.
The institution known as the "Soft Loan Window" of the World Bank is the International Development Association (IDA). With 174 member nations, it is a development finance organisation that provides favourable terms for loans and grants to underdeveloped nations worldwide. Washington, D.C., in the United States, is home to its headquarters. On June 2, 2023, Ajay Banga was named the 14th President of the World Bank Group.
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