Question : Which of the following is not a type of foreign aid?
Option 1: Bilateral aid
Option 2: Multilateral aid
Option 3: Conditional aid
Option 4: Commercial aid
Answer (1)
25th Jan, 2024
Correct Answer: Commercial aid
Solution :
The correct answer is (d) Commercial aid.
Commercial aid is not considered a type of foreign aid. Commercial aid refers to the provision of loans, grants, or other financial assistance by commercial entities, such as banks or private companies, with the expectation of earning a return on their investment. It is a commercial transaction rather than traditional foreign aid provided by governments or international organizations.
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