BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IMF
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IFC
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IBRD
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Detailed explanation-1: -IMF stands for International Monetary Fund. It is an international organization with 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, etc. Hence, IMF does not belong to the world bank group . Was this answer helpful?
Detailed explanation-2: -14 The seven countries (out of a total of 196 countries) that are not IMF members are Cuba, East Timor, North Korea, Liechtenstein, Monaco, Taiwan, and Vatican City.
Detailed explanation-3: -International Monetary Fund is a separate institution and not a part of the World Bank Group.
Detailed explanation-4: -Arbitration on international disputes is not a function of World Bank.
Detailed explanation-5: -The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.