BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is the headquarters of World Bank situated?
A
Paris
B
Basel
C
Vienna
D
Washington D.C.
Explanation: 

Detailed explanation-1: -Ever since the World Bank opened for business on June 25, 1946 the address of its headquarters has been 1818 H Street N.W., Washington, D.C. During the first Board of Governors meeting in Savannah, Georgia, in March 1946, the city of Washington was chosen as the future site of the World Bank.

Detailed explanation-2: -Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.

Detailed explanation-3: -The World Bank and the IMF are both based in Washington, D.C and work closely with each other.

Detailed explanation-4: -The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.

Detailed explanation-5: -The headquarters of the World Bank is in Washington DC, USA.

There is 1 question to complete.