The 'International Finance Corporation' (IFC) primarily provides: MCQ with Answer and Explanation

The 'International Finance Corporation' (IFC) primarily provides:
A. Loans and advisory services to the private sector
B. Debt relief to poor countries
C. Grants to governments
D. Microfinance to individuals
Answer: Option A
Solution (By JKExamLibrary)
IFC, part of the World Bank Group, offers investment and advisory services to encourage private sector development in emerging markets.

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Practice More International Organizations Questions

Question #1 Report Error
Which international body was the predecessor to the United Nations?
A. International Court of Justice
B. League of Nations
C. Hague Convention
D. Concert of Europe

Correct Answer: Option B


Explanation:
The League of Nations was the first worldwide intergovernmental organization whose principal mission was to maintain world peace, established after WWI.

Question #2 Report Error
The ‘ASEAN Way’ refers to:
A. A military alliance protocol
B. A set of norms emphasizing non-interference and consensus
C. An economic agreement similar to the EU
D. A dispute resolution mechanism

Correct Answer: Option B


Explanation:
The ASEAN Way is characterized by principles of consensus, non-interference, and respect for sovereignty.

Question #3 Report Error
Which article of the UN Charter allows for enforcement action by the Security Council?
A. Chapter VI
B. Article 51
C. Article 99
D. Chapter VII

Correct Answer: Option D


Explanation:
Chapter VII of the UN Charter gives the Security Council the authority to take enforcement measures, including sanctions and military action.