With reference to ‘Water Credit’, 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 poor people to meet their water needs without depending on subsidies.Which of the statements given above are correct?
✓ Correct answer: c) 1 and 3 only
ExplanationStatements 1 and 3 are correct : WaterCredit is a pow- erful solution and puts microfinance tools to work in the water and sanitation sector.It helps bring small loans to those who need access to affordable financing and expert resources to make household water and toilet solutions a reality.Statement 2 is incorrect: WaterCredit is not launched by the WHO or the World Bank.It is an initiative of Water.org, a non-profit organization co-founded by Gary White and Matt Da- mon.While it may collaborate with various global partners, it is not directly under the aegis of these organizations.SUPER HINT S2 aligns with Function-person/organisation/ministry match trap as it's easy to manipulate to make it false.What possible role does WHO and World bank can play in "Water credits''.Isn't it a misfit?Highly plausible hence likely false.321
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