Question

QUESTION Which of the following would NOT be an argument made by a defender of the World Bank O Countries willingly enter into agreements with the World Bank O WB loans are at below market-value interest raters Loan agieements reano purchasing of goods ard MNOes at uncompetitive prices. O No country is forced to borrow the Bank's funds O The bank makes available money that LDCs might not otherwise obtain. QUESTION 2 Which of the following is NOT would not be sikely to be a criticism of the IMF O SAPs can cause undue hardships on local populations O IMF policies sometimes push Westernization at the cost of local traditions. LDCs lose autonomy when entenng agreements with the IMF O The IMF has a one-size-fits-all approach that ignores local conditions 0 The IMF helps arrange alternate sources of financing for struggling nations. QUESTION 3 Which of the following is NOT would not be likely to be a criticism of the World Bank? OWB loan agreements force purchasing of goods and services at uncompetitive prices O The WB provides loans at low rates to LDCs. OA WB assumption that poor countries cannot modernize without money and advice from abroad 。Sae WB policies have been harmful to economic development. O There is a lack of oversight on environmental effects related to WB project

Answer 1

World bank in an international financial institution that provides loans and grants to government of poor countries with the purpose of promoting investment, balance growth in international trade and pursuing capital projects. The only argument that would NOT be made by defender of the World bank is that the Loan agreements require purchasing of goods and services at uncompetitive prices. Thus, the correct option is (C) IMF (international monetary fund) is an independent organization which provides macroeconomic policy advice to its member countries, financing at the time of BOP deficit, and technical assistance and training to improve national economic management. Out of the given options, the only statement that would NOT likely to be criticism of IMF is that the IMF helps arrange alternate source of financing for struggling nations. Thus, the correct option is (E) Out of the given options, the only statement that would NOT likely to be criticism is that the World bank provides loans at low rates to LDCs. Thus, the correct option is (B)