ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What type of countries is the World Bank focused on helping?
A
Developed Countries
B
Wealthy Countries
C
First World Countries
D
developing countries
Explanation: 

Detailed explanation-1: -Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. IDA focuses on the world’s poorest countries, while IBRD assists middle-income and creditworthy poorer countries.

Detailed explanation-2: -We offer support to developing countries through policy advice, research and analysis, and technical assistance. Our analytical work often underpins World Bank financing and helps inform developing countries’ own investments. In addition, we support capacity development in the countries we serve.

Detailed explanation-3: -Of the world’s 736 million extreme poor in 2015, 368 million-half of the total-lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh.

Detailed explanation-4: -Agriculture and Food. Fragility, Conflict, and Violence. Debt. Food Security.

Detailed explanation-5: -BY REGION. BY INCOME. BY LENDING. East Asia and Pacific. American Samoa. Korea, Rep. Philippines. Australia. Albania. Gibraltar. Norway. Andorra. Antigua and Barbuda. Curacao. Paraguay. Argentina. Algeria. Jordan. Qatar. Bermuda. Canada. United States. Afghanistan. India. Pakistan. Angola. Ethiopia. Niger. More items

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