Recently, the Union Cabinet approved India's membership to an international financial institution. Select the correct option.

European Bank for Reconstruction and Development

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International Centre for Settlement of Investment Disputes

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European Investment Bank

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Economic Cooperation Organisation

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Solution

The correct option is A European Bank for Reconstruction and Development
Recently, the Union Cabinet approved India’s membership to EBRD. It is an international financial institution founded in 1991. The membership will help in furthering India’s economic interests, enhance cooperation, sectoral knowledge, access to international markets and employment opportunities.

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Similar questions

Q1. Consider the following statements:

1. European Bank for Reconstruction and Development (EBRD) is an international financial institution.

2. EBRD is a multilateral developmental investment bank.

3. EBRD uses investment as a tool to build market economies.

Which of the above statements are correct?

19. The following are the institutions of World Bank group. Identify the correct option for which India is not a member.

Identify the correct option

Q2. The following are the institutions of World Bank group. Identify the correct option of which India is not a member.

1. International Bank for Reconstruction and Development (IBRD)

2. International Development Association (IDA)

3. International Finance Corporation (IFC)

4. Multilateral Investment Guarantee Agency (MIGA)

5. International Centre for the Settlement of Investment Disputes (ICSID)

Q62 World Bank Group constitutes which of the following organizations?

1. Multilateral Investment Guarantee Agency.

2. International Centre for the Settlement of Investment Disputes.

3. International Monetary Fund.

4. International Finance Corporation

5. International Development Association.

Select the correct code:

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