What do you know about the World Bank? If you still think that the World Bank is a private or public sector Bank, then you don't have much knowledge about it. Because, the World Bank is an international financial institution that provides loans, grants, and technical assistance to developing countries. The primary goal of the World Bank is to reduce poverty, promote economic development, and improve living standards in these nations by funding various projects in areas like infrastructure, healthcare, education, and agriculture. The World Bank consists of two main institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). World Bank plays a crucial role in supporting sustainable development and addressing global challenges. So let's start this quiz and learn more interesting facts about the World Bank.
1. What year was the World Bank established?
A. July 5, 1949
B. July 7, 1947
C. July 7, 1944
D. July 27, 1999
2. Where is the headquarters of the World Bank located?
A. London, UK
B. New York City, USA
C. Geneva, Switzerland
D. Washington DC, USA
3. How many countries are members of the World Bank?
A. 189 Countries
B. 159 Countries
C. 169 Countries
D. 199 Countries
4. Which country is not part of the World Bank?
A. Cuba
B. Andorra
C. Monaco
D. All of these
5. Which country is the largest borrower of the World Bank?
A. India
B. Japan
C. United States
D. United Kingdom
6. Who was the first President of the World Bank?
A. Harry S. Truman
B. Jim Yong Kim
C. John Maynard Keynes
D. Robert McNamara
7. What is the currency used by the World Bank for its financial operations?
A. Euro
B. Rupees
C. US Dollar
D. World Bank Coin
8. Who selects the President of the World Bank?
A. World Bank members
B. United Nations General Assembly
C. International Monetary Fund (IMF)
D. World Bank Board of Governors
9. Which sector receives the most significant portion of World Bank funding for development projects?
A. Education
B. Agriculture
C. Healthcare
D. Transportation
10. What is the official slogan of the World Bank?
A. Working for progress
B. Investing in a Brighter Future
C. Building a Better World Together
D. Working for a World Free of Poverty
11. Which of the following is a key factor that determines a country's eligibility for World Bank assistance?
A. Low Gross Domestic Product
B. Political alignment with the United States
C. High Gross Domestic Product (GDP)
D. Demonstrated commitment to economic and social reforms
12. What percentage of voting power is typically held by the United States in the World Bank?
A. 15%
B. 25%
C. 50%
D. 75%
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