Q. The International Development Association was established in which year?
Answer: 1960
Notes: International Development Association (IDA) was established in 1960. IDA is a United Nations specialized agency that provides loans and grants to the world's poorest countries. IDA's goal is to reduce poverty by providing zero to low-interest loans and grants for programs that promote economic growth. IDA is headquartered in Washington, D.C. and is a member of the World Bank Group. IDA works with the International Bank for Reconstruction and Development (IBRD), which was established in 1944 to help rebuild Europe after World War II. Together, IBRD and IDA are called the World Bank.