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International Organizations (Part – I)

📆 October 22, 2024

Total Questions: 50

31. Which one of the following Indian States has recently signed a $ 220 million agreement with the World Bank? [U.P.P.C.S (Pre) 2011]

Correct Answer: (a) Bihar
Solution:The World Bank, on 12 January 2011, signed 220 million dollars agreement with the Bihar government for 'Bihar Kosi Recovery Project'.
  • The WB is an international financial institution that provides loans and grants to the governments of low and middle-income/developing countries for the purpose of pursuing capital projects.
  • It was established along with the IMF at the 1944 Bretton Woods Conference.
  • The WB is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organisations owned by the WB Group.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

32. World Bank has announced the approval of loans and concessional credit of $ 600 million in 2007 to India for beefing up its: [R.A.S./R.T.S.(Pre) 2007]

Correct Answer: (a) Rural Cooperative Structure
Solution:On 2 November 2007, the World Bank signed an agreement with the Government of India to promote 'Rural Cooperative Structure, under which, the World Bank offered to provide a loan of 600 million dollars in 4 years.
  • The WB is an international financial institution that provides loans and grants to the governments of low and middle-income/developing countries for the purpose of pursuing capital projects.
  • It was established along with the IMF at the 1944 Bretton Woods Conference.
  • The WB is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organisations owned by the WB Group.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

33. The World Bank has recently sanctioned a loan of 944 million dollars to India, for which of the following sectors, the loan is not meant for? [U.P.P.C.S. (Mains) 2007]

Correct Answer: (d) Rural roads and sanitation
Solution:On 2 November 2007, the World Bank signed three loan agreements with India for total assistance of 944 million dollars for strengthening the rural finance system, vocational training programmes and community-based water management projects. Rural roads and sanitation was not included in it.
  • The WB is an international financial institution that provides loans and grants to the governments of low and middle-income/developing countries for the purpose of pursuing capital projects.
  • It was established along with the IMF at the 1944 Bretton Woods Conference.
  • The WB is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organisations owned by the WB Group.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

34. The 'National Agricultural Innovation Project' is being implemented by ICAR with credit assistance from the World Bank. It has got how many components? [U.P.P.C.S. (Pre) 2009]

Correct Answer: (d) Four components
Solution:National Agricultural Innovation Project (NAIP) was started by ICAR (Indian Council of of Agriculture Research) with the assistance of the World Bank in 2006. This project was implemented through four components:

1. ICAR as a catalyst in management of change in Indian NARS (National Agricultural Research System);

2 Research on production to consumption systems through value-chains approach;

3. Research on sustainable rural livelihood security including sustainable land and ecosystem management; and

4. Basic and strategic research in frontier areas of agriculture science.

35. 'Green Index' has been developed by: [U.P.P.C.S. (Pre) 2014]

Correct Answer: (c) World Bank
Solution:'Green Index' was launched by the World Bank in 2009. It is the first ever eco-friendly stock market index that allows investors to track the 'Carbon efficiency' of companies doing business in emerging economies.
  • The WB is an international financial institution that provides loans and grants to the governments of low and middle-income/developing countries for the purpose of pursuing capital projects.
  • It was established along with the IMF at the 1944 Bretton Woods Conference.
  • The WB is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organisations owned by the WB Group.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

36. Which of the following constitute the World Bank? [I.A.S. (Pre) 1995]

1. International Bank for Reconstruction and Development

2. International Finance Corporation

3. International Development Association

4. International Monetary Fund

Codes:

Correct Answer: (a) 1, 2 and 3
Solution:The "World Bank Group' is a family of five organizations. These are:

IBRD  - International Bank for Reconstruction and Development (1944)

IDA -  International Development Association (1960)

IFC -  International Finance Corporation (1956)

MIGA -  Multilateral Investment Guarantee Agency (1988)

ICSID -  (1988) International Centre for Settlement of Investment Disputes (1966)

37. Multilateral related to: | Investment Guarantee Agency (MIGA) is [Uttarakhand P.C.S. (Pre) 2021]

Correct Answer: (a) World Bank Group
Solution:The "World Bank Group' is a family of five organizations. These are:

IBRD   - International Bank for Reconstruction and Development (1944)

IDA      -  International Development Association (1960)

IFC       -  International Finance Corporation (1956)

MIGA  -  Multilateral Investment Guarantee Agency (1988)

ICSID  -  (1988) International Centre for Settlement of Investment Disputes (1966)

38. The World Bank was established in : [M.P.P.C.S. (Pre) 2006, Uttarakhand U.D.A./L.D.A. (Pre) 2007]

Correct Answer: (a) 1945
Solution:The World Bank (IBRD) was created at 1944 Bretton Woods Conference (United Nations Monetary and Financial Conference), along with the 'IMF'. But its governing document and membership became effective from 27 December, 1945. The headquarters of the 'World Bank' is located in Washington, D.C.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

39. The headquarters of the World Bank are at: [U.P.P.C.S. (Mains) 2007]

Correct Answer: (b) Washington
Solution:The World Bank (IBRD) was created at 1944 Bretton Woods Conference (United Nations Monetary and Financial Conference), along with the 'IMF'. But its governing document and membership became effective from 27 December, 1945. The headquarters of the 'World Bank' is located in Washington, D.C.

The WB Group, which is the parent organisation of the WB, includes -

  • IBRD: It provides loans, credits and grants.
  • IDA: It provides low or no-interest loans to low-income countries.
  • International Finance Corporation (IFC):It provides investment, advice and asset management to private companies and governments.
  • Multilateral Guarantee Agency (MIGA): It insures lenders and investors against political risk such as war.
  • International Centre for the Settlement of Investment Disputes (ICSID): It settles investment-disputes between investors and countries.

40. Which one of the following World Bank affiliates, provides assistance for poverty alleviation to the world's poorest countries? [Uttarakhand P.C.S. (Pre) 2012]

Correct Answer: (b) International Development Association
Solution:International Development Association (IDA) was established on 24 September, 1960. IDA is a member of the World Bank which offers concessional loans and grants to the world's poorest countries. IDA aims to reduce poverty by providing zero to low interest loans (called 'credits") and grants for programs that boost economic growth, reduce inequalities and improve people's living conditions.
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