Money and banking

Indian Economic System(UPPCS)

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Which institution is known as ‘Soft Loan Window’ of World Bank?

IDBI

IDA

IMF

RBI

Explanation:

The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries. So, it is called as Soft Loan Window of World Bank. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.

By: Amit Kumar

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