Which of these is not the function of World Bank?

To arbitrate on international trade disputes.

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To help the member countries in the reconstruction and development of their countries.

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To encourage private foreign investment and credit by guaranteeing repayment.

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To promote long term balanced growth of international trade.

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Solution

The correct option is A To arbitrate on international trade disputes.
Arbitration on international disputes is not a function of World Bank. It is performed by WTO. World bank serves for the economic development of its member countries.

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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)

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

1

2

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