Current Affairs · International Organizations
Identify the incorrect statement regarding international organizations:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1WTO recognizes least developed countries as designated by the United Nations.
- 2Asian Infrastructure Investment Bank was initiated primarily by China.
- 3International Finance Corporation offers political risk insurance and encourages private sector development in developing countries.✓
- 4New Development Bank is a multilateral development bank established by BRICS.
Correct answer
International Finance Corporation offers political risk insurance and encourages private sector development in developing countries.
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