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Which of the following constitute the World Bank?
1. International Bank for Reconstruction and Development
2. International Finance Corporation
3. International Development Association
4. International Monetary Fund
Codes:
1. International Bank for Reconstruction and Development
2. International Finance Corporation
3. International Development Association
4. International Monetary Fund
Codes:
- a)1, 2 and 3
- b)1 and 2
- c)3 and 4
- d)1, 2, 3 and 4
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Which of the following constitute the World Bank?1. International Bank...
World Bank is made up of two development institutions owned by 187 member countries: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on world’s poorest countries. Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and International Centre for the Settlement of Investment Disputes (ICSID). There is a difference between the World Bank and the World Bank Group.
Most Upvoted Answer
Which of the following constitute the World Bank?1. International Bank...
World Bank:
The World Bank is an international financial institution that provides loans and grants to countries for development projects. It consists of several institutions, including the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), International Development Association (IDA), and Multilateral Investment Guarantee Agency (MIGA).
Constituents of World Bank:
1. International Bank for Reconstruction and Development (IBRD):
The IBRD is the largest institution of the World Bank group. It provides loans, policy advice, and technical assistance to middle-income and creditworthy low-income countries.
2. International Finance Corporation (IFC):
The IFC is a member of the World Bank group that focuses on private sector development in developing countries. It provides investment, advisory, and asset management services to private sector clients.
3. International Development Association (IDA):
The IDA is the part of the World Bank group that provides interest-free loans and grants to the world's poorest countries. It aims to reduce poverty and promote economic growth by providing financing and technical support for development projects.
4. International Monetary Fund (IMF):
The IMF is an international organization that provides financial assistance and policy advice to its member countries. It was created to promote international monetary cooperation, exchange stability, and orderly exchange arrangements.
Conclusion:
Therefore, the World Bank consists of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and International Development Association (IDA). The correct option is 'A'.
The World Bank is an international financial institution that provides loans and grants to countries for development projects. It consists of several institutions, including the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), International Development Association (IDA), and Multilateral Investment Guarantee Agency (MIGA).
Constituents of World Bank:
1. International Bank for Reconstruction and Development (IBRD):
The IBRD is the largest institution of the World Bank group. It provides loans, policy advice, and technical assistance to middle-income and creditworthy low-income countries.
2. International Finance Corporation (IFC):
The IFC is a member of the World Bank group that focuses on private sector development in developing countries. It provides investment, advisory, and asset management services to private sector clients.
3. International Development Association (IDA):
The IDA is the part of the World Bank group that provides interest-free loans and grants to the world's poorest countries. It aims to reduce poverty and promote economic growth by providing financing and technical support for development projects.
4. International Monetary Fund (IMF):
The IMF is an international organization that provides financial assistance and policy advice to its member countries. It was created to promote international monetary cooperation, exchange stability, and orderly exchange arrangements.
Conclusion:
Therefore, the World Bank consists of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and International Development Association (IDA). The correct option is 'A'.
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Which of the following constitute the World Bank?1. International Bank for Reconstruction and Development2. International Finance Corporation3. International Development Association4. International Monetary FundCodes:a)1, 2 and 3b)1 and 2c)3 and 4d)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer?
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Which of the following constitute the World Bank?1. International Bank for Reconstruction and Development2. International Finance Corporation3. International Development Association4. International Monetary FundCodes:a)1, 2 and 3b)1 and 2c)3 and 4d)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Which of the following constitute the World Bank?1. International Bank for Reconstruction and Development2. International Finance Corporation3. International Development Association4. International Monetary FundCodes:a)1, 2 and 3b)1 and 2c)3 and 4d)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following constitute the World Bank?1. International Bank for Reconstruction and Development2. International Finance Corporation3. International Development Association4. International Monetary FundCodes:a)1, 2 and 3b)1 and 2c)3 and 4d)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer?.
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