The headquarters of the World Bank is located in which country?
- A.England
- B.USA
- C.Japan
- D.Russia
Correct answer
Explanation
The correct answer is B, USA. The World Bank has its headquarters at Washington DC in the United States of America.
The World Bank and the International Monetary Fund were both set up after the Bretton Woods conference of 1944 and began work in 1945, and both have their offices in Washington DC. The Bank lends for long-term development - roads, power, irrigation, schools and health - while the IMF looks after exchange rates and short-term balance of payments trouble. The World Bank Group has five arms, of which the IBRD and the IDA together form the World Bank, and India was a founder member.
Option A is wrong because London holds the Commonwealth Secretariat and the International Maritime Organisation, not the World Bank. Option C is wrong because Tokyo is the seat of the United Nations University, while the Asian Development Bank is at Manila. Option D is wrong because Moscow hosts no such global lender.
Exam tip: World Bank and IMF at Washington DC, WTO at Geneva, ADB at Manila.
Practice Questions
View allThe first BRICS Summit, after the inclusion of South Africa, was held at
- A.Brasilia
- B.Sanya
- C.Yekaterinburg
- D.Durban
Show answer
South Africa joined the group in late 2010, turning BRIC into BRICS, and its first summit as a member was the third summit of the group, held at Sanya on Hainan Island in China in April 2011.
Read the full explanation →'SAMPRITI-2017' is a joint military exercise between armed forces of India and
- A.Bhutan
- B.Bangladesh
- C.Pakistan
- D.Myanmar
Show answer
Sampriti is the joint military exercise of the Indian Army and the Bangladesh Army, and the 2017 edition was one round of this long-running series.
Read the full explanation →Which one of the following pairs of military training institute of India and location is not correctly matched?
- A.Army War College : Mhow
- B.High Altitude Warfare School : Gulmarg
- C.Army Air Defence College : Pune
- D.Rashtriya Indian Military College : Dehradun
Show answer
The Army Air Defence College is not in Pune; it stands at Gopalpur-on-Sea in the Ganjam district of Odisha, on the Bay of Bengal coast.
Read the full explanation →Which one of the following is not an Air Defence Missile system?
- A.Akash
- B.Trishul
- C.Tatra
- D.Astra
Show answer
Tatra is not a missile at all: it is a make of heavy all-terrain trucks from the Czech Republic, used by the Indian Army to carry launchers, radars and other heavy loads.
Read the full explanation →BREXIT refers to the Great Britain leaving which one of the following?
- A.International Monetary Fund
- B.Commonwealth
- C.World Trade Organization
- D.European Union
Show answer
"Brexit" joins "Britain" and "exit" and means the United Kingdom's departure from the European Union. In a referendum on 23 June 2016, about 52% of voters chose to leave the EU.
Read the full explanation →