ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following institutions is not part of the World Bank community?
A
MIGA
B
IBRD
C
WTO
D
IFC
Explanation: 

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

Detailed explanation-2: -The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea.

Detailed explanation-3: -The World Trade Organization (WTO) Following up on GATT, the 1986-1994 Uruguay Roundtable trade negotiations resulted in the formal creation of the WTO. 18 The WTO headquarters is located in Geneva, Switzerland. Like the IMF and the World Bank, the WTO is funded by its members.

Detailed explanation-4: -IBRD. The International Bank for Reconstruction and Development. IDA. The International Development Association. IFC. The International Finance Corporation. MIGA. The Multilateral Investment Guarantee Agency. ICSID. The International Centre for Settlement of Investment Disputes.

There is 1 question to complete.