BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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International Development Association (IDA)
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International Bank for Reconstruction and Development (IBRD)
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International Finance Corporation (IFC)
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Bank of International Settlement (BIS)
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Detailed explanation-1: -The BIS was established in 1930 by an intergovernmental agreement between Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland.
Detailed explanation-2: -Second statement is correct Currently, sixty member central banks or monetary authorities are members of the Bank for International Settlements (BIS). Reserve Bank of India is a member of the organisation.
Detailed explanation-3: -Established in 1930, the BIS is owned by 63 central banks, representing countries from around the world that together account for about 95% of world GDP.
Detailed explanation-4: -The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea.