What is the purpose of the 'Multilateral Investment Guarantee Agency' (MIGA)? MCQ with Answer and Explanation

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What is the purpose of the 'Multilateral Investment Guarantee Agency' (MIGA)?

A. To provide political risk insurance

B. To regulate global oil prices

C. To provide humanitarian aid

D. To set global labor standards

Answer: Option A

Solution (By JKExamLibrary)

MIGA, a member of the World Bank Group, provides political risk insurance (guarantees) to investors.

This question belongs to: Static General Knowledge International Organizations

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Question #1 Report Error

The headquarters of the IMF and the World Bank are located in the same city. Which city is it?

A. London

B. Geneva

C. New York

D. Washington, D.C.

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Correct Answer: Option D

Explanation:
Both the IMF and the World Bank are headquartered in Washington, D.C., USA.

This question belongs to: Static General Knowledge International Organizations

Question #2 Report Error

Where is the headquarters of UNESCO?

A. Washington D.C.

B. Rome

C. Paris

D. London

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Correct Answer: Option C

Explanation:
UNESCO is headquartered in Paris, France.

This question belongs to: Static General Knowledge International Organizations

Question #3 Report Error

The IMF's 'Poverty Reduction and Growth Trust' provides loans to:

A. Low-income countries

B. Private enterprises

C. Middle-income countries

D. All member countries

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Correct Answer: Option A

Explanation:
The PRGT offers concessional financial support to low-income member countries to help them achieve macroeconomic stability and reduce poverty.

This question belongs to: Static General Knowledge International Organizations

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