Question
General Knowledge Question on Economics
On the basis of the size and composition of external debt, World Bank has classified India as a
A
heavily indebted country
B
moderately indebted country
C
less indebted country
D
severely indebted country
Answer
moderately indebted country
Explanation
Solution
The World Bank is a global financial institution that provides loans, grants, and technical assistance to developing countries. The World Bank plays a significant role in promoting global development and addressing the challenges faced by developing countries.
The correct option is (B): moderately indebted country