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UPSC 2005: Consider the following statements : 1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness. 2. Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute. Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (b) 2 only
The Poverty Reduction and Growth Facility (PRGF) was created by the International Monetary Fund in 1999 (it replaced the ESAF); it is therefore not an International Development Association (IDA) window, so Statement 1 is wrong. The Singapore Regional Training Institute (STI), set up in 1998, is run under the IMF Institute and conducts courses in macro-economic analysis and related policy areas, so Statement 2 is correct. Hence only statement 2 is correct. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Poverty_Reduction_and_Growth_Facility?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2005 Indian Economy question?▼
The correct answer is option (b): 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Institutions & Reports question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2005, GS Paper 1, as Question 72. It falls under Indian Economy > International Institutions & Reports.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from International Institutions & Reports?▼
UPSC has asked 39 questions from International Institutions & Reports (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.