Q. Which of the following institution/s is/are part of “World Bank Group (WBG)”?
1.International Bank for Reconstruction and Development
2.International Finance Corporation
3.International Labor Organization
Select the correct answer from below given codes:
Answer: B
Notes:
Explanation: The World Bank Group (WBG) is a family of 5 international organizations that make leveraged loans to developing countries. The organizations are
- International Bank for Reconstruction and Development (IBRD),
- International Development Association (IDA),
- International Finance Corporation (IFC),
- Multilateral Investment Guarantee Agency (MIGA) and
- International Centre for Settlement of Investment Disputes (ICSID).
Source: FORUMIAS
