[amp_mcq option1=”World Bank” option2=”ADB” option3=”IMF” option4=”None of the above” correct=”option1″]
The correct answer is: A. World Bank
The International Finance Corporation (IFC), a member of the World Bank Group, was instrumental in the establishment of the Industrial Credit and Investment Corporation of India (ICICI) in 1955. The IFC provided ICICI with a $2 million loan, which was used to finance the establishment of the company. The IFC also provided ICICI with technical assistance, which helped the company to develop its operations.
The Asian Development Bank (ADB) was established in 1966. The ADB is a regional development bank that provides loans and grants to developing countries in Asia. The ADB does not provide loans to private companies.
The International Monetary Fund (IMF) was established in 1945. The IMF is an international financial institution that provides loans to countries that are experiencing balance of payments difficulties. The IMF does not provide loans to private companies.
Therefore, the correct answer is: A. World Bank