UPSC Previous Year Question | Prelims GS | 2021

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?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer

Correct Answer

1 and 3 only

Explanation

WaterCredit, an initiative of the non-profit Water.org, applies microfinance tools to water and sanitation so that poor households can meet their water needs without relying on subsidies (statements 1 and 3). Statement 2 is incorrect: it was not launched under the aegis of the WHO and the World Bank.

Topics: economy, microfinance, social sector finance, watercredit initiative