Regional Banks — Set 5
World Organizations · क्षेत्रीय बैंक · Questions 41–50 of 50
The Asian Development Bank (ADB) has how many founding members?
Correct Answer: A. 31
The ADB started with 31 founding members in 1966. Its membership has since grown to 68 countries. The majority of its members are from the Asia-Pacific region.
Which of the following countries is NOT a member of the BRICS NDB?
Correct Answer: C. USA
The USA is not a member of the New Development Bank. The bank was founded by the five BRICS nations. Recently, it has opened its membership to other countries like Egypt, UAE, and Uruguay.
The Islamic Development Bank (IsDB) provides loans that are interest-free. This is known as?
Correct Answer: B. Sharia compliance
IsDB follows Sharia principles, which prohibit the collection of interest (Riba). Instead, it uses profit-sharing or fee-based models for its financial products. This is known as Sharia-compliant finance.
The Central American Bank for Economic Integration (CABEI) is based in?
Correct Answer: B. Honduras
CABEI is headquartered in Tegucigalpa, Honduras. It serves as the financial arm for the integration of Central American nations. It was founded in 1960.
Which regional bank is also referred to as the 'World Bank of Europe'?
Correct Answer: A. EIB
The European Investment Bank (EIB) is often called the World Bank of Europe due to its large-scale lending for infrastructure and development. It is the largest international public lending institution in the world. It provides finance for a wide range of public and private sector projects.
The Trade and Development Bank (TDB) serves which region of Africa?
Correct Answer: C. Eastern and Southern Africa
The TDB, formerly known as the PTA Bank, serves Eastern and Southern Africa. It is the financial arm of the Common Market for Eastern and Southern Africa (COMESA). It is headquartered in Bujumbura, Burundi, and Ebene, Mauritius.
Which regional bank was the first to issue 'Green Bonds' to fund climate projects?
Correct Answer: B. EIB
The European Investment Bank (EIB) issued the world's first 'Climate Awareness Bond' (a type of green bond) in 2007. This pioneered a new way to raise capital for environmentally friendly projects. Today, most regional banks have their own green bond programs.
The Asian Infrastructure Investment Bank (AIIB) was a major initiative led by which country?
Correct Answer: C. China
China was the primary architect and promoter of the AIIB. It sought to create a new development bank that would better represent the interests of emerging economies. China remains the largest shareholder in the bank today.
Which of the following is a non-regional member of the African Development Bank (AfDB)?
Correct Answer: C. Germany
Germany is a non-regional member of the AfDB. Non-regional members are countries from outside Africa that provide capital and support. This helps the bank maintain a high credit rating and access international markets.
The Nordic Investment Bank (NIB) is headquartered in which city?
Correct Answer: D. Helsinki
The NIB is headquartered in Helsinki, Finland. It is owned by eight countries in the Nordic and Baltic regions. It focuses on financing projects that strengthen competitiveness and enhance the environment.