Dewan Institutes of Management Studies, Meerut

BBA- 5th Semester

General Business Awareness-BBA-503
Topic- World Bank
1. Why was the World Bank established?
(a) To promote the International Trade

(b) To reconstruct the economies damaged during the Second World War

(c) To improve the adverse Balance of Payment situation of the non-member countries

(d) None of the above

2. Which of the following statements is correct?

(a) Every member country of the IMF automatically becomes the member of the World Bank

(b) The World Bank has 45 founder members

(c) India is not the founding member of the World Bank

(d) IMF is the part of World Bank group

3. Which of the following is not matched correctly?

(a) IBRD (estd.)--->1945 (b) IFC (estd.)--->1948

(c) IDA (estd.)--->1960 (d) MIGA (estd.)--->1988

4. How many members are there in the IBRD?

(a) 193 (b) 198 (c) 189 (d) 206

5. Which of the following statements is not correct?

(a) Both the IMF & IBRD have headquarters in Washington

(b) ICSID is the constituent organisation of the World Bank Group

(c) IBRD is known as World Bank also

(d) India's vote share in the International Monetary Fund is 10%

6. Who is the current President of the World Bank Group?

(a) Robert Zoellick (b) David Malpass (c) Christine Lagarde (d) Jim Yong Kim

7. Which of the following statements are correct?

(a) World Bank was established 73 years ago. (b) Headquarter of the World Bank is in Washington
D.C.

(c) Adam Smith is the founding father of the World Bank (d) Only (a) and (b)

8. Who of the following never appointed as the President of the World Bank Group?
(a) Paul Krugman (b) Robert Zoellick (c) George Woods (d) Eugene Meyer

9. Which of the following is not the function of the World Bank?

(a) To provide long term loan to the member countries

(b) To provide loan to private investors belonging to member countries on its own guarantee

(c) To ensure exchange rate stability

(d) To provides loan mainly for productive activities

10. Which of the following institutions is not part of the World Bank community?
(a) IBRD (b) WTO (c) IDA (d) IFC

11. What are the forms of assistance that the World Bank provides to its members?
(a) Technical and financial (b) Political and financial
(c) Political and economic (d) Technical and military

12. The World Bank Group is made up of how many organisations?

(a) 3 (b) 5 (c) 8 (d) 10
13. Which organisation of the World Bank Group deals with matters related to the development of
the poorest countries in the world?

(a) The International Bank for Reconstruction and Development

(b) The International Development Association
(c) The International Finance Corporation (d) The Multilateral Investment Agency
14. In which Article of the International Development Association’s Articles of Agreement are the
purposes of the International Development Association covered?
(a) Art. I (b) Art. II (c) Art. III (d) Art IV
15. Can dispute settlement take place under the World Bank Group’s auspices?
(a) No, because the World Bank Group is a political forum
(b) No, because the World Bank Group is an economic forum
(c) Yes, through the International Court of Justice machinery
(d) Yes, through the International Centre for Settlement of Investment Disputes
16. Least-developed countries are a key area in international development law. What is a least-
developed country under the approach which most of the leading international organisations take?
(a) A country which has a low tertiary education index
(b) A country which has a weak economy and exports little
(c) A country which has a deficit in its current account of balance of payments
(d) A country which is economically vulnerable, with little income and a weak human assets
index
17. Development in international law is process. What does this process promote?
(a) Mainly human development (b) Mainly economic development
(c) Mainly social development (d) Mainly political development
18. Why is sustainable development a principle of paramount importance in international law?

(a) Because it promotes world peace

(b) Because it is a principle which did not exist before
(c) Because it is a principle recognised by the International Court of Justice as well as by a
number of leading international organisations

(d) Because non-governmental organisations support this principle

19. What is the purpose of international development law for which the World Bank Group strives?
(a) The development of world peace and stability
(b) The development of economic co-operation amongst the World Bank’s members
(c) The development of a world currency
(d) The development of national economies, the increase of productivity and the bettering of
standards of living around the world

20. The operations of the World Bank Group lie at the heart of international development law. Which
of the following explains the efforts of the World Bank Group to promote the ideals of international
development law?
(a) The World Bank Group maintains a world balance of payments and issues legal directives
for the promotion of free world trade
(b) The World Bank Group issues loans to the public and the private sector of certain
countries by stimulating investment flows

(c) The World Bank Group resolves dispute arising out of subsidies and adjudicates in
conflicts between different trading blocks?
(d) The World Bank Group acts as a forum for the negotiation of international treaties