Question
Download Solution PDFWhere among the following is the headquarters of the World Bank located?
This question was previously asked in
Bihar STET TGT (Social Science) Official Paper-I (Held On: 08 Sept, 2023 Shift 5)
Answer (Detailed Solution Below)
Option 3 : Washington DC.
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Bihar STET Paper 1 Social Science Full Test 1
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Detailed Solution
Download Solution PDFWashington DC is correct answer.
Key Points
- Both the World Bank and the IMF are headquartered in Washington, D.C., and they collaborate closely.
- World Bank, a global body linked with the United Nations (UN) that finances projects that benefit member countries' economic development.
- About World Bank:
- The World Bank Group is an international cooperation of 189 countries and five constituent organizations dedicated to poverty eradication and wealth creation.
- The World Bank Group's five development institutions are as follows:
- IBRD stands for International Bank for Reconstruction and Development.
- IDA (International Development Association)
- IFC (International Finance Corporation)
- MIGA (Multilateral Guarantee Agency)
- ICSID stands for the International Centre for the Settlement of Investment Disputes.
Additional InformationHeadquarters Based in New York:
Headquarters Based in Manila:
The headquarters of Asian Development Bank is in Manila, Philippines.
Headquarters Based in Geneva:
Last updated on Jul 3, 2025
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