'BioCarbon Fund Initiative for Sustainable Forest Landscapes' is managed by the
- (a) Asian Development Bank
- (b) International Monetary Fund
- (c) United Nations Environment Programme
- (d) World Bank ✓ UPSC's answer
Why the answer is (d)
• The BioCarbon Fund Initiative for Sustainable Forest Landscapes (2013) is a multilateral fund managed by the World Bank, supported by Norway, the UK, Germany and the US, that pays for reduced emissions from land use, forestry and agriculture in developing countries — option (d).
• The ADB (a), IMF (b) and UNEP (c) do not manage it.
• Hence option (d).
Why the other options are wrong
- (a) Asian Development Bank
- ADB does not manage the BioCarbon Fund.
- (b) International Monetary Fund
- The IMF does not run climate funds.
- (c) United Nations Environment Programme
- UNEP does not manage it.
Asked in the GS Paper I of the UPSC Civil Services Preliminary Examination 2015, held on 23 August 2015. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.