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With reference to the Multilateral Development Banks (MDBs), consider the following statements:1. They are international institutions comprising both developed and developing countries.2. Developed countries contribute to MDB lending, while developing nations typically borrow from them for development projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Multilateral Development Banks (MDBs), consider the following statements:1. They are international institutions comprising both developed and developing countries.2. Developed countries contribute to MDB lending, while developing nations typically borrow from them for development projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Multilateral Development Banks (MDBs), consider the following statements:1. They are international institutions comprising both developed and developing countries.2. Developed countries contribute to MDB lending, while developing nations typically borrow from them for development projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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