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Organizations - IsDB MCQs

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Organizations - IsDB

Organizations - IsDB MCQs With Answers

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CSS - PMS - General Knowledge (G.K) Organizations - IsDB
Which financing principle is central to IsDB operations?
A. Military financing only
B. Islamic finance that avoids interest-based lending structures
C. Mandatory use of a single currency
D. No contracts
Correct Answer: B
IsDB uses Shariah-compliant instruments such as murabaha, ijara and sukuk-related structures.
CSS - PMS - General Knowledge (G.K) Organizations - IsDB
IsDB is closely associated with countries belonging to which organization?
A. Organization of Islamic Cooperation
B. NATO
C. ASEAN only
D. European Union
Correct Answer: A
Membership of IsDB is linked to OIC membership and other criteria.
CSS - PMS - General Knowledge (G.K) Organizations - IsDB
What is IsDB's broad purpose?
A. Promote economic and social development in member countries and Muslim communities in accordance with Islamic finance principles
B. Manage the UN Security Council
C. Run elections
D. Set global oil prices
Correct Answer: A
IsDB finances development using Shariah-compatible approaches.
CSS - PMS - General Knowledge (G.K) Organizations - IsDB
In what year did the Islamic Development Bank begin operations?
A. 1969
B. 1975
C. 1991
D. 1981
Correct Answer: B
The bank began operations in 1975.
CSS - PMS - General Knowledge (G.K) Organizations - IsDB
Where is the Islamic Development Bank headquartered?
A. Riyadh, Saudi Arabia
B. Abu Dhabi, UAE
C. Jeddah, Saudi Arabia
D. Doha, Qatar
Correct Answer: C
The IsDB headquarters is in Jeddah.
CSS - PMS - General Knowledge (G.K) Organizations - IsDB
What does IsDB stand for?
A. Islamic Development Bank
B. Islamic Debt Bureau
C. International Savings and Development Bank
D. Integrated Social Development Board
Correct Answer: A
IsDB is the Islamic Development Bank.
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