BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The EIB is the European Union’s bank and it is the world’s largest multilateral borrower and lender. What is the meaning of “I” in EIB?
A
Investment
B
International
C
Initially
D
Installment
Explanation: 

Detailed explanation-1: -The European Investment Bank (EIB) is the European Union’s development bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world.

Detailed explanation-2: -What Is the European Investment Bank? The European Investment Bank (EIB) is a nonprofit European Union institution based in Luxembourg. The EIB makes loans and guarantees and also provides technical assistance and venture capital for business projects that are expected to further EU policy objectives.

Detailed explanation-3: -(ˌjʊərəˈpiːən ɪnˈvɛstmənt bæŋk ) a financial institution of the European Union which is based in Luxembourg and which provides loans, esp to the less economically developed countries of the EU. ▶ USAGE The abbreviation for European Investment Bank is EIB.

Detailed explanation-4: -The Workday EIB (Enterprise Interface Builder) is a tool that supplies users with both a guided and graphical interface.

Detailed explanation-5: -The European Investment Bank (EIB) acts as a catalyst to better understand the challenges of investing in Europe’s economy and meet the financing needs of that investment. The goal of the EIB Economics Department is to act as a hub for research into investment and investment finance across Europe.

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