Banking Awareness Quiz – Set 163

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. ________ is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries.
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. None of these
   
   Answer & Explanation

   B. IDA
   Explanation:
   IDA is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries.
   
   
2. ________ is an international financial institution that offers loans to middle-income developing countries.
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. None of these
   
   Answer & Explanation

   A. IBRD
   Explanation:
   IBRD is an international financial institution that offers loans to middle-income developing countries.
   
   
3. ______ is an international financial institution which offers political risk insurance and credit enhancement guarantees.
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. None of these
   
   Answer & Explanation

   C. MIGA
   Explanation:
   MIGA is an international financial institution which offers political risk insurance and credit enhancement guarantees.
   
   
4. How many members are there in Multilateral Investment Guarantee Agency (MIGA)?
   A. 151
   B. 181
   C. 121
   D. 101
   E. None of these
   
   Answer & Explanation

   B. 181
   Explanation:
   MIGA – 181 countries
   
   
5. ______ is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. IFC
   
   Answer & Explanation

   E. IFC
   Explanation:
   IFC is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.
   
   
6. How many members are there in International Finance Corporation(IFC)?
   A. 151
   B. 184
   C. 121
   D. 101
   E. None of these
   
   Answer & Explanation

   B. 184
   Explanation:
   IFC – 184
   
   
7. Which of the following is the parent organization of BRAC Bank?
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. IFC
   
   Answer & Explanation

   E. IFC
   Explanation:
   BRAC Bank is a private commercial bank in Bangladesh focused on Small and Medium Enterprises (SME).
   
   
8. _____ is an international arbitration institution established for legal dispute resolution and conciliation between international investors.
   A. IBRD
   B. IDA
   C. MIGA
   D. ICSID
   E. IFC
   
   Answer & Explanation

   D. ICSID
   Explanation:
   The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established for legal dispute resolution and conciliation between international investors.
   
   
9. How many members are there in the International Centre for Settlement of Investment Disputes (ICSID)?
   A. 151
   B. 189
   C. 121
   D. 101
   E. None of these
   
   Answer & Explanation

   B. 189
   Explanation:
   International Centre for Settlement of Investment Disputes (ICSID) – 189 countries
   
   
10. How many members are there in International Development Association (IDA)?
    A. 151
    B. 189
    C. 161
    D. 173
    E. None of these
    
    Answer & Explanation

    D. 173
    Explanation:
    International Development Association (IDA) – 173.