Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: International Organisations

Question:

Answer the questions based on the image.

Which among the following is not a criticism of this organisation?

Options:

Setting the economic agenda of the poorer nations

Attaching stringent conditions to its loans

Forcing acceptance of free market reforms

Charging a low rate of interest

Correct Answer:

Charging a low rate of interest

Explanation:

The correct answer is Option (4) → Charging a low rate of interest

The World Bank was created during the Second World War in 1944. Its activities are focused on the developing countries. It works for human development (education, health), agriculture and rural development (irrigation, rural services), environmental protection (pollution reduction, establishing and enforcing regulations), infrastructure (roads, urban regeneration, electricity) and governance (anti-corruption, development of legal institutions). It provides loans and grants to the member-countries. In this way, it exercises enormous influence on the economic policies of developing countries. It is often criticised for setting the economic agenda of the poorer nations, attaching stringent conditions to its loans and forcing free market reforms.