Question
Download Solution PDF______ is an international body that lends capital to the government of various countries.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is World Bank.Key Points
- The World Bank was established in 1944 and is headquartered in Washington D.C.
- It is one of the largest sources of funding for development projects in the world.
- The World Bank provides loans and grants to governments of developing countries for various projects, including infrastructure, education, health, and agriculture, among others.
- The World Bank has two main institutions- the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which provide loans and grants to countries based on their income levels and development needs.
- The World Bank also provides technical assistance and advisory services to governments for policy reforms and institutional strengthening to promote sustainable development.
Additional Information
- State Bank of India is the largest commercial bank in India, which provides banking services to individuals, businesses, and corporate clients.
- It is headquartered in Mumbai.
- Its chairperson is Dinesh Kumar Khara.
- Reserve Bank of India is the central bank of India, which regulates the monetary policy and currency circulation in the country.
- It is headquartered in Mumbai.
- Its governor is Shaktikanta Das.
- Central Bank of India is a public sector bank in India, which provides various banking services to customers, including loans, deposits, and investment products.
- MD CEO of Central Bank of India is Matam Venkata Rao.
- It is headquartered in Mumbai.
Last updated on Jun 17, 2025
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