CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
What does IDA stand for?
A. International Deposit Association
B. International Debt Agency
C. International Development Association
D. Integrated Development Authority
Correct Answer: C
IDA provides concessional finance and grants to the world's poorest countries.
CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
What does IBRD stand for?
A. Integrated Bank for Regional Development
B. International Bureau for Revenue and Debt
C. International Board for Reconstruction and Defense
D. International Bank for Reconstruction and Development
Correct Answer: D
IBRD lends mainly to middle-income and creditworthy lower-income countries.
CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
What is the World Bank's broad purpose?
A. Finance development and poverty reduction
B. Set global oil quotas
C. Regulate international aviation
D. Run military alliances
Correct Answer: A
The World Bank provides loans, credits, grants and expertise for development.
CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
Where is the World Bank headquartered?
A. London, United Kingdom
B. Geneva, Switzerland
C. Washington, D.C., United States
D. New York City
Correct Answer: C
The World Bank Group is headquartered in Washington, D.C.
CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
At which 1944 conference was the World Bank's IBRD created?
A. Bandung Conference
B. Vienna Congress
C. Bretton Woods Conference
D. Yalta Conference
Correct Answer: C
IBRD was designed at Bretton Woods alongside the IMF.
CSS - PMS - General Knowledge (G.K)
Organizations - World Bank (WB)
The World Bank commonly refers to which two institutions?
A. IFC and MIGA only
B. IMF and WTO
C. WHO and FAO
D. IBRD and IDA
Correct Answer: D
The World Bank consists of the International Bank for Reconstruction and Development and International Development Association.