Q102
IDA stands for
A.
Indian Development Agency
B.
Industrial Development Analyses
C.
International Development Agency
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
IDA stands for International Development Agency. The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. It was established in 1960 to complement the existing International Bank for Reconstruction and Development (IBRD) by lending to developing countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income.