Regional Banks — Set 1
World Organizations · क्षेत्रीय बैंक · Questions 1–10 of 50
In which city is the headquarters of the Asian Development Bank (ADB) located?
Correct Answer: A. Mandaluyong
The Asian Development Bank is headquartered in Mandaluyong, which is part of Metro Manila in the Philippines. It was established in 1966 to promote social and economic development in Asia and the Pacific. The bank currently has over 60 member nations from both within and outside the region.
Which of the following regional banks is primarily focused on the development of African nations?
Correct Answer: D. AfDB
The African Development Bank (AfDB) was founded in 1964 to foster economic growth and social progress across the continent. It comprises three entities including the African Development Fund and the Nigeria Trust Fund. The headquarters of this institution is located in Abidjan, Côte d'Ivoire.
When was the New Development Bank (NDB), formerly known as the BRICS Development Bank, established?
Correct Answer: A. 2014
The New Development Bank was established during the sixth BRICS summit in Fortaleza, Brazil, in 2014. It was created by Brazil, Russia, India, China, and South Africa to support public or private projects through loans and guarantees. The bank is headquartered in Shanghai, China.
Which regional bank was created specifically to assist former communist countries in Europe and Central Asia in transitioning to market economies?
Correct Answer: D. EBRD
The European Bank for Reconstruction and Development (EBRD) was founded in 1991 following the fall of the Iron Curtain. It provides project financing for banks, industries, and businesses to strengthen the private sector. It is unique as its charter mandates that only countries committed to democratic principles are eligible for support.
The Inter-American Development Bank (IDB) serves which specific geographical region?
Correct Answer: A. Latin America and Caribbean
The IDB is the largest source of development financing for Latin America and the Caribbean. It was established in 1959 to reduce poverty and inequality by promoting sustainable economic growth. Its headquarters is located in Washington, D.C., USA.
In which year did the Asian Infrastructure Investment Bank (AIIB) officially begin its operations?
Correct Answer: D. 2016
The AIIB officially started its operations in January 2016 after the articles of agreement entered into force. It is a multilateral development bank that aims to improve economic outcomes in Asia through infrastructure investment. The organization is headquartered in Beijing, China.
Which regional organization is responsible for the Islamic Development Bank (IsDB)?
Correct Answer: A. OIC
The Islamic Development Bank was founded in 1973 by the Finance Ministers of the Organisation of Islamic Cooperation (OIC). It promotes economic development and social progress of member countries and Muslim communities in accordance with Islamic Law. The bank is located in Jeddah, Saudi Arabia.
The European Investment Bank (EIB) is the lending institution of which entity?
Correct Answer: D. European Union
The EIB is the long-term lending institution of the European Union and is owned by its member states. It was established in 1958 under the Treaty of Rome to support the EU's policy goals. It is the world's largest multilateral borrower and lender by volume.
Where is the headquarters of the Caribbean Development Bank (CDB) located?
Correct Answer: D. Wildey, Barbados
The Caribbean Development Bank is headquartered in Wildey, Saint Michael, Barbados. It was established in 1969 to help harmonious economic growth and development of the member countries in the Caribbean. The bank serves 28 member countries including non-regional members like Canada and the UK.
Which regional bank has its main office in Luxembourg city?
Correct Answer: A. EIB
The European Investment Bank (EIB) is based in Luxembourg, which is a major financial hub for the European Union. It provides finance and expertise for sound and sustainable investment projects. The EIB focuses on climate action, infrastructure, and innovation within Europe.