Match List I with List II and select the correct answer using the codes given below the Lists:
List I - List II
1. I. WTO - A) Provides loans to address short-term balance of payment problems
2. II. IDA - B) Multi-lateral trade negotiation body
3. III. IMF - C) Sanction of soft loans
4. IV. IBRD - D) Facilitating lendings and borrowings for reconstruction and development
Correct Answer: Option B
Explanation
1. The task is to match the International Organizations (List I) with their primary functions/descriptions (List II).
2. WTO (World Trade Organization): Its main function is to deal with the rules of trade between nations, acting as a forum for multi-lateral trade negotiations and dispute settlement. So, I matches with B.
3. IDA (International Development Association): Part of the World Bank Group, IDA provides concessional loans and grants (soft loans) to the world's poorest developing countries. So, II matches with C.
4. IMF (International Monetary Fund): Provides financial assistance (loans) to member countries facing short-term balance of payment problems, conditional on policy reforms. So, III matches with A.
5. IBRD (International Bank for Reconstruction and Development): The original institution of the World Bank Group, IBRD provides loans and advisory services to middle-income and creditworthy low-income countries for reconstruction and development projects. So, IV matches with D.
6. Combining these matches: I-B, II-C, III-A, IV-D.
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