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Firsts in India and the World Video Lecture | IBPS PO Prelims & Mains Preparation - Bank Exams

FAQs on Firsts in India and the World Video Lecture - IBPS PO Prelims & Mains Preparation - Bank Exams

1. What are some significant firsts in India related to the World Bank?

Ans. Some significant firsts in India related to the World Bank include being the first country to receive a loan from the World Bank in 1949. India was also the first country to initiate a comprehensive development program funded by the World Bank, which focused on rural development and poverty alleviation.

2. How does India rank in terms of World Bank funding compared to other countries?

Ans. India ranks among the top recipients of World Bank funding, securing billions of dollars in loans and grants for various development projects. It is one of the largest borrowers, particularly in sectors such as infrastructure, health, and education.

3. What are the main objectives of World Bank projects in India?

Ans. The main objectives of World Bank projects in India include reducing poverty, improving education and healthcare, promoting sustainable economic growth, and enhancing infrastructure. These projects aim to foster inclusive development and support the government’s initiatives.

4. How has India's relationship with the World Bank evolved over the years?

Ans. India's relationship with the World Bank has evolved from being primarily a borrower to becoming a partner in development. Over the years, India has engaged in policy dialogue with the World Bank, sharing its experiences and contributing to global discussions on development strategies.

5. What impact have World Bank-funded projects had on India's economy?

Ans. World Bank-funded projects have significantly impacted India's economy by improving infrastructure, enhancing social services, and promoting economic reforms. These projects have contributed to job creation, increased access to essential services, and stimulated overall economic growth in various regions.

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Oct 06, 2025 Last updated

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