With reference to 'WaterCredit', consider the following statements :
- 1.It puts microfinance tools to work in the water and sanitation sector.
- 2.It is a global initiative launched under the aegis of the World Health Organization and the World Bank.
- 3.It aims to enable the poor people to meet their water needs without depending on subsidies.
Which of the statements given above are correct?
Show answer
Answer: C. Statement 1 is correct: WaterCredit uses small loans (microfinance) for water and sanitation needs like toilets and taps. Statement 2 is wrong: it was started by the non-profit Water.org, not WHO and the World Bank. Statement 3 is correct: it helps poor families meet water needs through affordable loans instead of subsidies. So 1 and 3.
Watch for: Big global names like WHO and World Bank make statement 2 sound plausible.
Why the other options are wrong
- A. Wrong because WaterCredit is not a WHO-World Bank initiative.
- B. Wrong because WaterCredit is a Water.org initiative.
- D. Wrong because statement 2 is false.
Source to check: Water.org website, WaterCredit Initiative
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.