Regional Banks — Set 4
World Organizations · क्षेत्रीय बैंक · Questions 31–40 of 50
Which is the largest regional development bank in Asia by membership count?
Correct Answer: C. ADB
The Asian Development Bank (ADB) currently has 68 members, making it the largest regional bank in Asia by membership. The Asian Infrastructure Investment Bank (AIIB) also has a large membership but is slightly fewer in total. ADB's members include 49 countries from the region and 19 from other parts of the world.
In which city is the headquarters of the Islamic Development Bank (IsDB) located?
Correct Answer: B. Jeddah
The IsDB is headquartered in Jeddah, Saudi Arabia. It was officially inaugurated in 1975 to foster economic development in Muslim-majority countries. It operates in accordance with the principles of Sharia (Islamic law).
The primary focus of the European Investment Bank (EIB) is to support projects in?
Correct Answer: B. EU member states
The EIB is the lending arm of the European Union and primarily supports projects within EU member states. It also lends a small percentage to countries outside the EU to support development policies. Its main goal is to promote European integration and social cohesion.
Who is the current largest shareholder of the Asian Development Bank (ADB)?
Correct Answer: C. Japan and USA
Japan and the United States hold the largest and equal shares in the Asian Development Bank. As of recent data, both countries hold approximately 15.6% of the total subscribed capital. This gives them significant influence over the bank's policies and leadership.
The term 'Multilateral Development Bank' (MDB) typically refers to institutions that are?
Correct Answer: B. Owned by several countries
A Multilateral Development Bank is an international financial institution founded by several countries. Their goal is to provide loans and professional advice for the purpose of development. Examples include the World Bank, ADB, and AfDB.
The New Development Bank (NDB) was established during the 6th summit of which group?
Correct Answer: C. BRICS
The NDB was established by the BRICS nations (Brazil, Russia, India, China, and South Africa) in 2014. It was created as an alternative to the existing American and European-dominated financial institutions. The first president of the NDB was K.V. Kamath from India.
The headquarters of the African Development Bank (AfDB) is in which country?
Correct Answer: D. Côte d'Ivoire
The AfDB is headquartered in Abidjan, Côte d'Ivoire. It was temporarily moved to Tunis, Tunisia, during the civil war in Côte d'Ivoire but has since returned to its original home. It is the premier development institution for the African continent.
Which regional bank was established in 2014 to support infrastructure projects in Asia?
Correct Answer: A. AIIB
The Asian Infrastructure Investment Bank (AIIB) was proposed by China in 2013 and established in 2014. It focuses specifically on bridging the massive infrastructure gap in the Asian region. It began its official operations in early 2016.
The Inter-American Development Bank (IDB) is headquartered in which city?
Correct Answer: C. Washington D.C.
The IDB is headquartered in Washington D.C., USA. It is the largest source of development financing for Latin America and the Caribbean. It was established in 1959.
The European Bank for Reconstruction and Development (EBRD) is headquartered in?
Correct Answer: C. London
The EBRD is headquartered in London, United Kingdom. It was established in 1991 to help countries in Central and Eastern Europe transition to market economies. It now supports development in over 30 countries.