ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The following are institutions that participate in international affairs and relations but is not affiliated with any state or nation EXCEPT
A
Trade Unions
B
Banks
C
Transnational Advocacy
D
Development Bank of the Philippines
Explanation: 

Detailed explanation-1: -International Monetary Fund is a separate institution and not a part of the World Bank Group.

Detailed explanation-2: -The answer is a) The Federal Reserve System The Federal reserve system is the central bank of United States and is one of the most powerful financial institution.

Detailed explanation-3: -They include the World Bank, the IMF, and the International Finance Corporation. Today the largest IFI in the world is the European Investment Bank which lent 61 billion euros to global projects in 2011.

Detailed explanation-4: -Through these institutions, the World Bank Group provides financing, technical assistance, political risk insurance, and settlement of disputes to private enterprises, including financial institutions.

There is 1 question to complete.