CSS :: International Economic Organisations
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21. |
The International Bank for Reconstruction and Development (IBRD), known as World Bank, began its operations in: |
Answer: Option C
Explanation:
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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 |
Answer: Option A
Explanation:
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23. |
At what rate of interest does the World Bank provide loan to underdeveloped countries? |
Answer: Option C
Explanation:
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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 |
Answer: Option C
Explanation:
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25. |
The World Bank normally gives: |
A. |
Short-term loans |
B. |
Medium-term loans |
C. |
Long-term loans |
D. |
Medium and long-term Loans |
Answer: Option D
Explanation:
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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 |
Answer: Option D
Explanation:
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27. |
How many governments have contributed to the capital of the World Bank? |
Answer: Option C
Explanation:
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28. |
An affiliate of the World Bank, the International Development Association (IDA) was set up in: |
Answer: Option C
Explanation:
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29. |
Where are the headquarters of the IDA? |
A. |
Washington, DC |
B. |
London |
C. |
Geneva |
D. |
New York |
Answer: Option A
Explanation:
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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 |
Answer: Option B
Explanation:
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