The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.

Correct Option: A

The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.

Human Development Index (HDI) is published by the United Nations Development Programme (UNDP), the global development network of the United Nations. HDI is a statistical tool used to measure a country’s overall achievement in terms of health of people, their level of education attainment and their standard of living.

Correct Option: A

Human Development Index (HDI) is published by the United Nations Development Programme (UNDP), the global development network of the United Nations. HDI is a statistical tool used to measure a country’s overall achievement in terms of health of people, their level of education attainment and their standard of living.

There are six official languages of the UN: Arabic, Chinese, English, French, Russian and Spanish. These languages are used at meetings of various UN organs, particularly the General Assembly, the Economic and Social Council, and the Security Council.

Correct Option: D

There are six official languages of the UN: Arabic, Chinese, English, French, Russian and Spanish. These languages are used at meetings of various UN organs, particularly the General Assembly, the Economic and Social Council, and the Security Council.

Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 13 of the world’s major oil-exporting nations. Founded in 1960, OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

Correct Option: A

Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 13 of the world’s major oil-exporting nations. Founded in 1960, OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

The International Bank for Reconstruction and Development (IBRD), an international financial institution that offers loans to middle-income developing countries, is known as the World Bank. It is the original World Bank institution and works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.

Correct Option: B

The International Bank for Reconstruction and Development (IBRD), an international financial institution that offers loans to middle-income developing countries, is known as the World Bank. It is the original World Bank institution and works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.