International Development Association is a/an :

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Q: 18 (IES/2014)
International Development Association is a/an :

question_subject: 

Economics

question_exam: 

IES

stats: 

0,70,21,10,70,6,5

keywords: 

{'international development association': [0, 0, 2, 1], 'international lending agencies': [0, 0, 1, 1], 'world bank': [0, 1, 0, 3], 'voluntary association': [0, 0, 2, 1], 'donor countries': [0, 0, 1, 1], 'european union': [0, 2, 2, 3], 'organization': [0, 0, 8, 25], 'countries': [1, 0, 2, 6], 'affiliate': [0, 0, 1, 1], 'federation': [3, 0, 4, 8]}

The correct answer is option 2: International Development Association (IDA) is an affiliate of the World Bank.

Option 1 states that IDA is a voluntary association of developing countries, which is not accurate. IDA is a financial institution that provides low- or no-interest loans and grants to the world`s poorest countries.

Option 3 suggests that IDA is a federation of international lending agencies, but this is not the case. IDA operates as a single entity within the World Bank Group, focused on providing support to the countries in need.

Option 4 states that IDA is an organization of donor countries of the European Union, which is incorrect. IDA is not limited to the European Union; it provides assistance to countries in various regions around the world.

In summary, option 2 accurately describes IDA as an affiliate of the World Bank, while the other options are not correct.