The Function of the World Bank Is to Administer

question 51

Multiple Choice

The function of the World Bank is to administer

• A) Small local development grants
• B) Small international grants
• C) Savings for major global corporations
• D) Small local aid
• E) Major international development aid

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Definitions:

In Rem Jurisdiction

The power of a court over the property or status of an out-of-state defendant located within the court’s jurisdiction area.

Property

Legal rights or interests in the ownership and usage of land, objects, intellectual properties, or other possessions.

Jurisdiction

The authority granted to a legal body to administer justice within a defined field of responsibility, such as geographical area or subject matter.

Plaintiff

The party who initiates a lawsuit against another party (the defendant) in a court of law.