MCQOPTIONS
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| 1. |
Which of the following is NOT TRUE about the World Bank? |
| A. | It comprises of two development based institutions: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) |
| B. | It is a main source of technical and financial assistance to the developing nations of the world. |
| C. | The affiliates of World Bank are: International Finance Corporation, Multilateral Investment Guarantee Agency(MIGA) International Center for Settlement of Investment Disputes(ICSID) |
| D. | The IBRD focuses on the poorest countries of the world , whereas IDA focuses on the middle income and poor countries that are creditworthy in nature. |
| Answer» E. | |