World Bank provides ___________ on reasonable terms to its member countries.
A
long term investment loan
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
short term investment loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
infrastructure loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
mid-term investment loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A long term investment loan World Bank is an financial institution which was founded in 1945 at
Bretton Woods. The headquarter of World Bank is in Washington DC. The main
function of World Bank is to provide long term investment loans to its member countries. It comprises of two institutions: the International Bank for
Reconstruction and Development and the International Development
Association.