New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Which of the following statements is incorrect with respect to the International Bank for Reconstruction and Development (IBRD)?

    A It is the lending arm of the World Bank Group and offers loans to middle-income developing countries. Correct Answer Incorrect Answer
    B The bank can finance any projects that increase economic activity and are responsible for eliminating poverty. Correct Answer Incorrect Answer
    C India has been the single largest borrower of the Bank. Correct Answer Incorrect Answer
    D IBRD has maintained a triple-A rating since 1959. Correct Answer Incorrect Answer

    Solution

    The Bank only finances sovereign governments directly or projects backed by sovereign governments. It provides loans, guarantees, advisory services, and risk management products to middle-income and creditworthy low-income countries. It does not cater to private entities.

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