Current Affairs MCQ for UPSC Exams – 26 August 2016
Q.1- What is the process of selection/election of the World Bank president?
A. He is selected by the UN security council permanent members
B. He is elected by the permanent and non-permanent members of the UN security
council
C. He is elected by the Un general assembly
D. None of the above
Q.2- With reference to `IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct?
1. The International Finance Corporation, which offers these bonds, is an arm
of the World Bank.
2. They are the rupee-denominated bonds and are a source of debt financing for
the public and private sector.