CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
A Blueprint for Growth
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon