Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ?
Correct answer: A. World Bank
- A. World Bank
- B. International Monetary Fund
- C. Council on Foreign Relations
- D. Organization of petroleum Exporting Countries
Explanation
The World Bank provides long-term development financing for projects such as schools, hospitals, transport and roads. The IMF mainly provides short- and medium-term balance-of-payments support and monetary assistance.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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