Consider the following statements about SAFANSI Fund:

  1. It is joint initiative of Asian Development Bank (ADB) and SAARC
  2. It aims to improve food and nutrition security in South Asia

 Which of the above statements is/are correct?

Answer: [B] 2 Only

First statement is incorrect because the South Asia Food and Nutrition Security Initiative is a multi-donor trust fund. It is a joint undertaking by both the World Bank and Department for International Development (DfID). DfID is a United Kingdom government department responsible for administering overseas aid.

This question is a part of GKToday's Integrated IAS General Studies Module