Which of the following is not a member of the World Bank Group? A. International Development Association(IDA) B. International Bank for Reconstruction and Development(IBRD) C. International Finance Corporation(IFC) D. Bank of International Settlement(BIS)

Which of the following is not a member of the World Bank Group? A. International Development Association(IDA) B. International Bank for Reconstruction and Development(IBRD) C. International Finance Corporation(IFC) D. Bank of International Settlement(BIS)
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D. Bank of International Settlement(BIS) Explanation: The World Bank Group is made of the following five organizations: International Bank for Reconstruction and Development (IBRD), established in 1945, International Finance Corporation (IFC), established in 1956, International Development Association (IDA), established in 1960, Multilateral Investment Guarantee Agency (MIGA), established in 1988 and International Centre for Settlement of Investment Disputes (ICSID), established in 1966. Where as Bank of International Settlement(BIS)is the Bank for International Settlements is an international financial institution owned by central banks which ―fosters international monetary and financial cooperation and serves as a bank for central banks‖.
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