Match the following: List-I A) W. T. O. B) I. M. F. C) SAARC D) I. D. A. List-II 1) To provide finance to correct equilibrium in balance of Payments. 2) Generally to forbid the use of quantitative restrictions in trade. 3) Sanction of soft loans. 4) To promotes cooperation among South Asian Countries.

The answer is C: A-2, B-1, C-4, D-3. Match each body by its mandate, not by memory of the acronym.

• W.T.O. (A) with 2: Established in 1995 under the Marrakesh Agreement, replacing GATT 1947. Its core principle is that quantitative restrictions on trade are generally prohibited, with tariffs as the preferred tool.
• I.M.F. (B) with 1: Set up at Bretton Woods in 1944 to maintain stability in the international monetary system. It provides short-term finance to countries facing Balance of Payments disequilibrium.
• SAARC (C) with 4: Founded in 1985 at Dhaka to promote cooperation among South Asian nations. It is a cooperation forum, not a lending body.
• I.D.A. (D) with 3: The International Development Association, a World Bank affiliate, extends concessional or soft loans, interest-free with long repayment periods, to the poorest member countries.

Core concept: the division of labour between the IMF (short-term BoP finance) and IDA (long-term concessional development finance) within the World Bank group. It connects to Mains GS-III on India's external sector and global economic governance.

Trap: treating the IMF and the World Bank group as interchangeable because both lend. The IMF handles BoP stability, while IDA gives soft development loans.