The World Bank's 'International Development Association (IDA)' provides loans with: MCQ with Answer and Explanation

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The World Bank's 'International Development Association (IDA)' provides loans with:

A. Market-based interest rates

B. No interest and long grace periods

C. Fixed 5% interest rate

D. Variable interest tied to gold

Answer: Option B

Solution (By JKSSB Mock Tests)

IDA credits are zero-interest or carry very low interest, with maturities of 30–40 years, aimed at the world’s poorest countries.

This question belongs to: Static General Knowledge International Organizations

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Correct Answer: Option C

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