Commerce Short Question | Gkseries

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Question

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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