______ is an international body that lends capital to the government of various countries.

Question

Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 09 Feb 2023 Shift 4)

Answer 1

The 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.