Which of the following is NOT a function of the World Bank?
A. Poverty reduction initiatives
B. Providing short-term balance of payments support
C. Technical assistance for development
D. Providing long-term loans for development projects
Answer: Option B
Solution (By JKSSB Mock Tests)
Short-term balance of payments support is primarily the function of the IMF. The World Bank focuses on long-term development finance and poverty reduction.
Explanation:
Non-tariff barriers include quotas, technical standards, licensing requirements and voluntary export restraints. Tariffs are direct taxes on imports.
No comments yet. Be the first to start the discussion!