Who are the Bretton Woods Sisters? Take the Rediff Biz Quiz and find out how much you know about the World Bank and India.
1. Who are the Bretton Woods Sisters? a) American Express and Citibank b) Venus and Serena Williams c) World Bank and IMF
Wrong! Try again..
Wrong! The correct answer is World Bank and IMF. The Bretton Woods Institutions (or Bretton Woods Sisters) is the collective name for the World Bank Group and the International Monetary Fund. There financial institutions were established at Bretton Woods, New Hampshire, United States, and thus the sobriquet.
Correct! The Bretton Woods Institutions (or Bretton Woods Sisters) is the collective name for the World Bank Group and the International Monetary Fund. There financial institutions were established at Bretton Woods, New Hampshire, United States, and thus the sobriquet.
2. When did the World Bank come into being? a) 1944 b) 1945 c) 1942
Wrong! Try again..
Wrong! The correct answer is July, 1944. The articles of agreement of the International Bank for Reconstruction and Development (also called the World Bank) and the International Monetary Fund were drawn up and adopted in a conference of 45 governments in July 1944.
Correct! The articles of agreement of the International Bank for Reconstruction and Development (also called the World Bank) and the International Monetary Fund were drawn up and adopted in a conference of 45 governments in July 1944.
3. Who was the first president of the World Bank? a) Eugene Meyer b) Harold Smith c) John J McCloy
Wrong! Try again..
Wrong! The correct answer is Eugene Meyer. On June 18, 1946, Eugene Meyer took office as the first president of the World Bank. Until then, a Boards of Governors governed the Bank. The World Bank, also known as the International Bank for Reconstruction and Development, today has 184 member countries.
Correct! On June 18, 1946, Eugene Meyer took office as the first president of the World Bank. Until then, a Boards of Governors governed the Bank. The World Bank, also known as the International Bank for Reconstruction and Development, today has 184 member countries.
4. Which Asian nation was the first to get a World Bank loan? a) India b) China c) Japan
Wrong! Try again..
Wrong! The correct answer is India. On August 18, 1949, the World Bank lent $34 million to India for railway reconstruction and development. This was the Bank's first Asian loan.
Correct! On August 18, 1949, the World Bank lent $34 million to India for railway reconstruction and development. This was the Bank's first Asian loan.
5. When did India sign the World Bank Articles of Agreement? a) 1948 b) 1945 c) 1950
Wrong! Try again..
Wrong! The correct answer is 1945. December 27, 1945 the World Bank Articles of Agreement become effective upon signature, in Washington, by 28 governments. These included India, Belgium, Bolivia, Canada, China, Czechoslovakia, Ethiopia, France, Greece, Honduras, Iceland, Iraq, Luxembourg, Netherlands, Norway, Philippines, South Africa, Egypt, United Kingdom, United States, and Yugoslavia.
Correct! December 27, 1945 the World Bank Articles of Agreement become effective upon signature, in Washington, by 28 governments. These included India, Belgium, Bolivia, Canada, China, Czechoslovakia, Ethiopia, France, Greece, Honduras, Iceland, Iraq, Luxembourg, Netherlands, Norway, Philippines, South Africa, Egypt, United Kingdom, United States, and Yugoslavia.
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