World Bank

Question 1

Organisations in WBG?

Answer 1

IDA
MIGA
IFC
IBRD
ICSID

Question 2

WB Headed by?

Answer 2

President. Conventionally American

Question 3

WB Owned by?

Answer 3

Members - Subscribe basic share capital

Question 4

Votes of members?

Answer 4

Proportional to share holding.

Weighted voting - meaning contri to WB financial resource

Question 5

Condition for joining WB?

Answer 5

Have to be member of IMF first

Question 6

World Bank consist of?

Answer 6

IBRD + IDA

While WBG consist all

Question 7

World Bank focus?

Answer 7

Developing countries - human development

Question 8

what is IBRD?

Answer 8

Multilateral body for post war constriction after international ratification of Bretton woods agt

Question 9

What loans IBRD and IDA offer?

Answer 9

Loans at soft rates + grants to poorest countries

Question 10

Purpose for which IBRD and IDA give loans

Answer 10

Specific projects with wider policy changes

Question 11

IBRD focus?

Answer 11

Middle income and credit worthy poor countries

Question 12

IDA focus?

Answer 12

poorest countries

Question 13

What is IDA?

Answer 13

Estb 1960 to help poorest in response to 80% poorest countries receiving interest free loans.
Repayment - 25-40 years, 5-10 grace years period
To countries at high risk of debt distress

Funded by - member countries + fund from borrowers repayment, IBRD
Donor meet /3 year.
Eligibility - Relative poverty defined as PCI

Question 14

What is IFC focus?

Answer 14

Focus pvt sector in developing countries - pvt sector arm of WBG

eco dev by investing in profit commercial project
No uniform rate of interest - negotiated case basis

Question 15

Source of IFC funds?

Answer 15

Mostly debt obligations - from international financial markets with 7-12 years maturity

Question 16

India and IFC?

Answer 16

Largest exposure. Areas - nvest in climate for pvt sector
financial inclusion
RE

Question 17

What is MIGA?

Answer 17

Promote FDI in developing countries

Isnuring investor against non commercial pol risks

Question 18

India member of MIGA?

Answer 18

Yes.

It advise govt on investment attraction

Question 19

Global trade Finance Programme

Answer 19

IFC
guarantee to cover payment risk for emerging market banks
India one of founding members

Question 20

What is ICSID?

Answer 20

Faciliate reconciliation and arbitration of investment disputes
B/w Member countries and indiv investors

Question 21

India and ICSID?

Answer 21

India not member

Question 22

India constitution on borrowing

Answer 22

Not allow states directly borrow from WB. SG -> CG -> WB

Question 23

IMF v/s WB

Answer 23

IMF - single institution. WBG - 5
IMF - intl monetary system. WBG - promote eco dev
IMF - xchg rate and monetary stability. WBG - encourage pvt
IMF - Assist BoP bailout by short term lending. WBG - financial resource, intl bond market
IMF - resource from quota subscription. WBG - insurance and arbitration wings

Question 24

What is BW 2.0

Answer 24

Originally BW. needed for post war reconstruction.
redefined and refocused
democratised
Merit based apt needed
expand IMF role and be lender of last resort
Make SDR more central too Intl monetary system

Question 25

What is G7?

Answer 25

``` CN US FR GR UK IT JP Eu represented Major advanced economies as per IMF less than 64% global wealth 1st summit - Rambouillet France ```

Question 26

ADB HQ?

Answer 26

Manilla

Question 27

ADB modelled on?

Answer 27

WBG | SImilar weighted voting based on subscription

Question 28

What is ADB

Answer 28

Multilateral lending agency | Borrow from international capital market

Question 29

Largest donors of ADB?

Answer 29

US Japan India - 6% voting rights - 4th US - 1st, JP 2nd

Question 30

Loans of ADB?

Answer 30

Hard loans - MIC | Soft loans - LIC

Question 31

Country Partnership strategy - what is it

Answer 31

Reduce poverty in asia pacific 3 pillars - CC adress inclusive infra boost eco competitiveness + jobs

Question 32

SASEC india member or not?

Answer 32

Yes

Question 33

ADB criticism

Answer 33

Its project env damage

Question 34

ADB finance to?

Answer 34

State + Pvt

Question 35

European central bank role?

Answer 35

Administer Monetary policy in Eurozone

Question 36

ECB decision making body?

Answer 36

Governing council

Question 37

Governing council of ECB consist?

Answer 37

Governor of member CBs | Executive Board

Question 38

Executive Board of ECB functions?

Answer 38

Day to Day function Has president Vice president + 4 members apt / nominated by members

Question 39

ECB function?

Answer 39

Set interest rate at which lend to banks in Eurozone authorise production of Euro bank notes safety and soundness of European banking system

Question 40

What is NDB

Answer 40

aka BRICS development bank

Question 41

Focus of NDB?

Answer 41

Infrastructure

Question 42

Capital of NDB

Answer 42

starting capital 50 billion - to be increased to 100 billion Each initially pay 10 billion dollars

Question 43

Voting in NDB

Answer 43

WB - votes on capital shares | NDB - Each 1 vote, no veto

Question 44

Who can be members of NDB

Answer 44

Countries other than BRICS can also be members | Some countries from south on Board on rotational basis - have voting rights

Question 45

Effect of new members on voting share of NDB BRICS member

Answer 45

New member can join but share of BRICS not decrease

Question 46

HQ of NDB

Answer 46

Shanghai

Question 47

NDB finance to

Answer 47

both sovereign and private

Question 48

What is AIIB

Answer 48

87 member 2016 Boost eco dev in asia to create wealth Provide infra, regional cooperation

Question 49

HQ AIIB

Answer 49

Beijing

Question 50

AIIB started with

Answer 50

100 billion

Question 51

Capital of AIIB

Answer 51

2/3rd capital of ADB and half of WB

Question 52

Voting rights in AIIB which has more?

Answer 52

China 30% > India 7.5% > Russia

Question 53

What is OECD?

Answer 53

1961 HQ Paris Stimulate economic pragmatism and world trade Latvia join 2015 Member committed to Democracy and Mkt economy Most OECD - high income high HDI

Question 54

India and OECD

Answer 54

not member. it is observer

Question 55

What is EBRD?

Answer 55

International financial institution started in 1991 | to Build market economies

Question 56

EBRD focus?

Answer 56

Initially east block countries | Expanded to central asia and central europe

Question 57

Member in EBRD?

Answer 57

From North america, Europe, Asia, africa, australia 65 countries 2 european institutions

Question 58

Largest Shareholder of EBRD

Answer 58

US

Question 59

EBRD HQ?

Answer 59

London

Question 60

EBRD support

Answer 60

Public sector and private investment