GK
WORLD ORGANISATIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
International Bank for Development and Reconstruction
|
|
|
International Development Association
|
|
|
International Monetary Fund
|
|
|
International Finance corporation
|
Detailed explanation-1: -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.
Detailed explanation-2: -India is not a member of ICSID (International Centre for Settlement of Investment Disputes). India has been accessing funds from the World Bank (mainly through IBRD and IDA) for various development projects. India is one of the founder members of IBRD, IDA and IFC.
Detailed explanation-3: -IFC, MIGA, and ICSID focus on strengthening the private sector in developing countries. Through these institutions, the World Bank Group provides financing, technical assistance, political risk insurance, and settlement of disputes to private enterprises, including financial institutions.