B.A./B.COM. LL.B. (5 YEAR LAW / U.G. LAW) Panjab University Entrance Exam 2016 : MCQs and Answer Key

Practice Mode:
22.

The Head Quarter Of World Bank Is Situtated At :

A: Manila
B: Washington D.C.
C: Geneva
D: New York

The answer is: B

Explanation

The correct answer is B: Washington D.C.

The World Bank is an international financial institution that provides loans and grants to support economic development and poverty reduction in developing countries. It was established in 1944 and has its headquarters in Washington D.C., United States. The World Bank is composed of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank Group also includes three other organizations: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).