India is a member of which constituents of the World Bank Group?

1. Multilateral Investment Guarantee Agency (MIGA)

2. International Centre for Settlement of Investment Disputes (ICSID)

3. International Development Association (IDA)

4. International Bank for Reconstruction and Development (IBRD)

Select the correct answer code:

India is a member of four out of the five constituents of the World Bank Group. It is not a member of ICSID (International Centre for Settlement of Investment Disputes).The Five Constituents of the World Bank Group Institution India's Membership Purpose IBRD (Intl. Bank for Reconstruction and Development)Member Provides loans to middle-income and creditworthy low-income governments. IDA (Intl. Development Association)Member Provides interest-free loans (credits) and grants to the poorest countries.  IFC (Intl. Finance Corporation)Member Focuses on the private sector in developing countries. MIGA (Multilateral Investment Guarantee Agency)Member Promotes foreign direct investment by offering political risk insurance .ICSID (Intl. Centre for Settlement of Investment Disputes)NOT a Member Handles legal disputes between international investors.