International Economic Organisations Test 03 Mcqs Preparation Online

1. Where are the headquarters of the IDA ?

A. Geneva

B. Washington, DC

C. London

D. New York

2. The main function of the World Bank is to:

A. Reduce trade barriers and establish rules of free trade

B. Facilitate poor countries to trade at concessional rates

C. Grant long-term loans at little or no interest for projects in developing countries

D. Encourage capital investment for the reconstruction and development of its member countries

3. At what rate of interest does the World Bank provide loan to underdeveloped countries ?

A. 7.50%

B. 4.50%

C. 5.50%

D. 6.50%

4. How many governments have contributed to the capital of the World Bank ?

A. 158

B. 154

C. 150

D. 144

5. An affiliate of the World Bank, the International Development Association (IDA) was set up in:

A. 1950

B. 1960

C. 1962

D. 1956

6. The IDA gives development credits to the developing countries for a period of at least:

A. 10 years

B. 20 years

C. 25 years

D. 15 years

7. The International Bank for Reconstruction and Development (IBRD), known as World Bank, began its operations in:

A. 1946

B. 1945

C. 1947

D. 1944

8. The World Bank normally gives:

A. Short-term loans

B. Medium and long-term Loans

C. Long-term loans

D. Medium-term loans

9. In which of the following ways does the World Bank give loans to members ?

A. All of the above

B. By granting loans out of funds raised in the market

C. By granting or participating in direct loans out of its own funds

D. By guaranteeing loans made by private investors through investment channels

10. The highest percentage of the World Bank's total loans have been made for the development of:

A. Energy

B. Agriculture

C. Transport

D. Industry

International Economic Organisations Test 03 Mcqs Preparation Online

Leave a Reply Cancel reply