INTERNATIONAL ORGANIZATIONS-Banking Awareness for Bank Exams

In Bank exams, BANKING AWARENESS is most essential part covers at least 3-5 questions from INTERNATIONAL ORGANIZATION sections.
These questions are asked in form of ABBREVIATIONS, establishment, Function, member and head quarter of International organization. These questions are very easy to answer by making just one revision of TABLE provided for International Organizations.

It is advised to Bank Aspirants to revise this table provided before appearing in Final Bank Exams.

TABLE FOR INTERNATIONAL ORGANIZATIONS:
     
Abb.
Name of Organization
Functions
Established
on
Members
Head
Quarter
IMF
International Monitory Fund
The measuring unit of IMF Fund SDR (Special drawing Rights).
1. To make stable exchange rate.
2. To promote multilateral payment
3. To provide short term loan to the member countries.
27th Dec 1945
188
Washington D. C.
WB
World Bank
Group of some institution like IBRD, IDA, IFC, MIGA, ICSID.
IBRD
International Bank for Reconstruction and Development
Both IMF and IBRD are called ‘Bretton wood Twins’.
1. To provide long term to the member countries.
-same-
-same-
-same-
IDA
International Development Association
It provides long term loan to the poor member countries without charging any interest. Also known as Soft Loan window of World Bank
24th Sept 1960
172
-same-
IFC
International Finance Corporation
It provides long term loan to the private sector of the poor member/developing countries.
July 1956
184
-same-
MIGA
Multilateral Investment guarantee agency
It helps in promoting foreign direct investment (FDI).

ICSID
International center for settlement of investment dispute
It settles dispute related to investment among the member countries.
WTO
World Trade organization
1. It makes rules and regulations for trading i.e. import and export. 2. To settle disputes related to trade between member countries.
3. To promote multilateral trade.
1 Jan 1995
159
Geneva (Switzerland)







Abb.
Name of Organization
Functions
Established
on
Members
Head
Quarter
Current Head
Remarks
ADB
Asian Development Bank
To accelerate economic and social development in Asia and Pecific Region
August 1966 But start functioning on 1 Jan 1967
67
Manila (Philippines)
Takehiko Nakao (Japan)
SAARC
South Asian Association for Regional Cooperation
To provide a platform for debate, discussion and exchange of ideas between member countries.
7th Dec 1985
08
Kathmandu (Nepal)
Ahmed Saleem (Maldives)
Originated in Dhaka Conference & members are India, Maldives, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Afghanistan.
ASEAN
Association of South East Asian Nations
To promote economic cooperation in South East.
August 1967
10
Jakarta (Indonesia)
La Luong Minh (Vietnam)
Member countries are Indonesia, Malyshiya, Philippines, Brunei, Thailand, Singapore, Myanmar, Laos, Cambodia, Vietnam
OPEC
Organization of the petroleum exporting countries.
To control the production and pricing of petroleum around the world.
Sept 1960 by Signing Agreement
Later 5 Now   12
Vienna (Austria)
Abdullah-el-badri (Labia, Austria)
Member countries are Iran, Iraq, Kuwait, South Arabia, Velezuela, Algeria, Angola, Nigeria, Labea, Qatar, Ecuador, UAE
FAO
Food & Agricultural Organization
To bridge the gap between demand and supply of agricultural product around the world.
16 Oct 1945 at Quebec (Canada)
194
Rome (Italy)
Jose Graziano Da Silva (USA, Brazil)
It is an agency of UN (United Nation).
ILO
International Labor Organization
To deal with the labor issue.
1919
185/194 (UN Nations)
Geneva
Guy Ryder (UK)
It is an agency of UN (United Nation).



WHO
World Health Organizations
To make international public health properly.
7th April 1948 (World health day)
194
Geneva
Margaret Chan (Hong Kong, China)
Specially related to communicable diseases like AIDS, Malaria, Tuber Culosis (TB)






Abb.
Name of Organization
Functions
Established
on
Members
Head
Quarter
Current Head
Remarks
UN
United Nations
1. To promote international cooperation.
2. To make international peace   and security.
3. To promote Human Rights.
4. Fostering social & economic development.
5. Protecting the environment from any natural disaster.
24th Oct 1975
194
New York City (USA)
Banki Moon (South Korea)
Recently Russia has been removed so only 193 members are left.
UNICEF
United Nations children Emergency Fund
It provides long term development assistance to the mothers and children of developing countries.
11th Dec 1946
Anthony Lake (New York)



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