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CSS :: International Economic Organisations


21.  The International Bank for Reconstruction and Development (IBRD), known as World Bank, began its operations in:
A. 1944 B. 1945
C. 1946 D. 1947

22.  The main function of the World Bank is to:
A. Encourage capital investment for the reconstruction and development of its member countries B. Grant long-term loans at little or no interest for projects in developing countries
C. Reduce trade barriers and establish rules of free trade D. Facilitate poor countries to trade at concessional rates

23.  At what rate of interest does the World Bank provide loan to underdeveloped countries?
A. 7.50% B. 6.50%
C. 5.50% D. 4.50%

24.  The highest percentage of the World Bank's total loans have been made for the development of:
A. Industry B. Agriculture
C. Energy D. Transport

25.  The World Bank normally gives:
A. Short-term loans B. Medium-term loans
C. Long-term loans D. Medium and long-term Loans

26.  In which of the following ways does the World Bank give loans to members?
A. By granting or participating in direct loans out of its own funds B. By granting loans out of funds raised in the market
C. By guaranteeing loans made by private investors through investment channels D. All of the above

27.  How many governments have contributed to the capital of the World Bank?
A. 144 B. 150
C. 154 D. 158

28.  An affiliate of the World Bank, the International Development Association (IDA) was set up in:
A. 1950 B. 1956
C. 1960 D. 1962

29.  Where are the headquarters of the IDA?
A. Washington, DC B. London
C. Geneva D. New York

30.  The IDA gives development credits to the developing countries for a period of at least:
A. 10 years B. 15 years
C. 20 years D. 25 years




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