New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is not part of the World Bank

    Group of Institutions?
    A International Bank for Reconstruction and Development (IBRD) Correct Answer Incorrect Answer
    B International Development Association (IDA) Correct Answer Incorrect Answer
    C Asian Infrastructure Investment Bank Correct Answer Incorrect Answer
    D International Finance Corporation (IFC) Correct Answer Incorrect Answer
    E Multilateral Investment Guarantee Agency (MIGA) Correct Answer Incorrect Answer

    Solution

    The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.

    Practice Next