Match the following : List-IList-II (a) WTO (i) Provides loans to address short-term balance of…
The World Trade Organization (WTO) (a)-(ii) serves as the multilateral trade negotiating body; the Reserve Bank of India (RBI) (b)-(iv) is the Central Bank of India; the…
Choose your answer
Match the following :
| List-I | List-II |
|---|---|
| (a) WTO | (i) Provides loans to address short-term balance of payments problems. |
| (b) RBI | (ii) Multilateral trade negotiating body. |
| (c) IMF | (iii) Facilitating lending and borrowing for reconstruction and development. |
| (d) IBRD | (iv) Central Bank of India. |
Answer and explanation
Correct answer A
The World Trade Organization (WTO) (a)-(ii) serves as the multilateral trade negotiating body; the Reserve Bank of India (RBI) (b)-(iv) is the Central Bank of India; the International Monetary Fund (IMF) (c)-(i) provides financial assistance to address short-term balance of payments disequilibrium; and the IBRD/World Bank (d)-(iii) facilitates long-term lending for reconstruction and development.
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UGC NET Commerce