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Commerce Short Question | Gkseries

Q.

Which one of the following is not the guiding principle of the World Bank regarding it’s lending operations ?

[A] Proper assessment of the repayment prospects of loans.
[B] Lending should be only for specific projects which are economically and technically sound and of a high priority nature.
[C] The lending should be to enable a country to meet foreign exchange content of the project cost
[D] The bank does expect the borrowing country to spend the loan in a particular country
Answer & Explanation

Answer: The bank does expect the borrowing country to spend the loan in a particular country

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