Statement (II): The Extended Fund Facility (EFF) was created in 1984 to help the developing countries over linger period upto 3 years. Code:  

(a) The product or the process is new one. (b) It contains an inventive step. (c) It is capable of industrial application for 15 years from the grant of the patent. (d) It is capable of industrial application for 20 years from the grant of the patent. Codes:  

Reason (R): The IFC has focused on a set of development goals to ensure that its projects are expected to achieve the target. Codes:  

List-I List-II (a) International Bank for Reconstruction and Development (i) 1945 (b) International Finance Corporation (ii) 1956 (c) Asian Development Bank (iii) 1966 (d) Export-Import Bank of India (iv) 1981

Statement-II: A deficiency in the balance of payments increases the exchange rate. Codes:  

List-I List-II (a) It abolishes all restrictions on trade among the members (i) Common market (b) It not only eliminates all restrictions on trade among members but also adopts a uniform commercial policy against the non-members (ii) Economic Union (c) It allows free movement of labour and capital within the common market (iii) Free Trade […]