The main object of which of the following. UN agency is to help the underdeveloped countries in the task of raising their living standards ?

A IMF
B UNICEF
C UNDP
D IDA

Correct Answer: IDA

IMF - International Monetary Fund UNICEF - United Nations International Children's Emergency Fund UNDP - United Nations Development Programme IDA - International Development Association
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In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?

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