Question
Which of the following Statements about the World Bank
is/are True? I- The World Bank Group is an international partnership comprising 189 countries. II- The five constituent institutions- IBRD, IDA, IFC, MIGA, and ICSID were formed in the same years. III- India is a member to all the constituent institutions of World Bank Group.Solution
India is not a member of ICSID. International Bank for Reconstruction and Development (IBRD)- 1944 International Development Association (IDA)- 1960 International Finance Corporation (IFC)- 1956 Multilateral Guarantee Agency (MIGA)- 1988 International Centre for the Settlement of Investment Disputes (ICSID)- 1966
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