Regional Banks — Set 2
World Organizations · क्षेत्रीय बैंक · Questions 11–20 of 50
The Central American Bank for Economic Integration (CABEI) was founded in which decade?
Correct Answer: D. 1960s
• **1960s** = The Central American Bank for Economic Integration (CABEI) was founded in the **1960s**. • **1960** — CABEI was founded in **1960** as the financial arm for the integration and development of Central America. • 💡 Wrong-option analysis: 1950s: This decade preceded the establishment of CABEI; 1980s: CABEI was already operational by this decade; 1970s: This decade followed CABEI's establishment.
Which bank is a multilateral financial institution owned by the five Nordic and three Baltic countries?
Correct Answer: D. NIB
• **NIB** = The Nordic Investment Bank (NIB) is a multilateral financial institution owned by the five Nordic and three Baltic countries. • **1975** — The NIB was established in **1975** to provide long-term financing for projects that improve productivity and the environment. • 💡 Wrong-option analysis: EIB: Owned by EU member states; BSTDB: Owned by Black Sea Economic Cooperation members; EBRD: Focuses on broader Europe and Central Asia.
The Black Sea Trade and Development Bank (BSTDB) is headquartered in which country?
Correct Answer: D. Greece
• **Greece** = The Black Sea Trade and Development Bank (BSTDB) is headquartered in Thessaloniki, **Greece**. • **1999** — The BSTDB was established in **1999** to support economic development and regional cooperation among BSEC member states. • 💡 Wrong-option analysis: Turkey: A prominent member of BSEC, but not BSTDB's headquarters; Russia: A founding member of BSEC, but not BSTDB's headquarters; Bulgaria: A Black Sea country and BSEC member, but not BSTDB's headquarters.
The West African Development Bank is commonly known by its French acronym?
Correct Answer: A. BOAD
• **BOAD** = The West African Development Bank is commonly known by its French acronym, BOAD (Banque Ouest Africaine de Développement). • **1973** — BOAD was established in **1973** and serves the member states of the West African Economic and Monetary Union (WAEMU). • 💡 Wrong-option analysis: AfDB: African Development Bank, serves the entire African continent; ECOWAS: A regional political and economic union, not a development bank; BCEAO: The Central Bank of West African States, not the development bank.
The Development Bank of Latin America, which changed its name from Corporación Andina de Fomento, is known as?
Correct Answer: D. CAF
• **CAF** = The Development Bank of Latin America, which changed its name from Corporación Andina de Fomento, is known as **CAF**. • **1970** — CAF was originally formed in **1970** by Andean countries. • 💡 Wrong-option analysis: IDB: Inter-American Development Bank, a different major regional bank; FONPLATA: Financial Fund for the Development of the Plata Basin, a different sub-regional bank; BCIE: Spanish acronym for Central American Bank for Economic Integration (CABEI), a different regional bank.
Which regional bank was created by the Cartagena Agreement to promote integration among Andean nations?
Correct Answer: B. CAF
• **CAF** = It was created by the Cartagena Agreement to promote integration among Andean nations. • **1970** — The year CAF was created, following the Andean Subregional Integration Agreement. • 💡 Wrong-option analysis: IDB: Inter-American Development Bank serves a broader region; BOAD: West African Development Bank serves West Africa; AIIB: Asian Infrastructure Investment Bank serves Asia and beyond.
The Arab Bank for Economic Development in Africa (BADEA) is headquartered in which city?
Correct Answer: B. Khartoum
• **Khartoum** = It is the city in Sudan where the Arab Bank for Economic Development in Africa (BADEA) is headquartered. • **1975** — The year BADEA began operations from its Khartoum headquarters. • 💡 Wrong-option analysis: Cairo: Headquarters of the Arab League; Riyadh: Headquarters of some Saudi-led financial institutions; Tunis: Headquarters of the African Development Bank (AfDB) for a period.
The North American Development Bank (NADB) was established to address issues specifically along the border of which two countries?
Correct Answer: B. USA and Mexico
• **USA and Mexico** = The North American Development Bank (NADB) was established to address issues specifically along the border of these two countries. • **1994** — The year NADB was created under the NAFTA framework. • 💡 Wrong-option analysis: USA and Canada: Covered by other agreements but not NADB; Mexico and Guatemala: Have their own bilateral issues; Canada and Greenland: Not a primary focus for a North American development bank.
Which regional bank is responsible for financing projects in the Pacific Island countries specifically?
Correct Answer: C. Pacific Islands Development Bank
• **Pacific Islands Development Bank** = This regional bank is specifically responsible for financing projects in the Pacific Island countries. • **1989** — The year the Pacific Islands Development Bank (PIDB) was established. • 💡 Wrong-option analysis: ADB: Covers a broader Asia-Pacific region, not exclusively Pacific Islands; AIIB: Focuses on infrastructure across Asia; EIB: European Investment Bank, serves Europe.
In the context of regional banking, what does the acronym BNDES stand for?
Correct Answer: B. Brazilian Development Bank
• **Brazilian Development Bank** = BNDES stands for Banco Nacional de Desenvolvimento Econômico e Social, which translates to this. • **Brazil** — BNDES is a major development bank located in this country. • 💡 Wrong-option analysis: British National Development Bank: Incorrect country; Baltic National Deposit Bank: Incorrect region and function; Brussels National Export System: Incorrect function and location.