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2010 · Q150Indian EconomyInternational Institutions & Reportseasy

The International Development Association, a lending agency, is administered by the

  1. (a)International Bank for Reconstruction and Development
  2. (b)International Fund for Agricultural Development
  3. (c)United Nations Development Programme
  4. (d)United Nations Industrial Development Organization
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Official answer(a) International Bank for Reconstruction and Development

2024 · Q51Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : Statement-I : If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements ?

  1. (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. (b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. (c)Statement-I is correct, but Statement-II is incorrect
  4. (d)Statement-I is incorrect, but Statement-II is correct
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Official answer(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I