Q. Which among the following is considered as an important power of World Bank?
Answer: World Bank has right to float Bonds and use the proceeds for loans
Notes: The correct answer is that the World Bank has the right to float bonds and use the proceeds for loans. This is a crucial function as it allows the World Bank to raise capital from international markets to fund development projects in member countries. The World Bank issues bonds to investors, which are backed by the institution's financial strength and the repayment capacity of its borrowing countries. This mechanism is vital for financing infrastructure, education, and health projects globally. The World Bank has issued bonds since its inception in 1944, making it one of the largest issuers of bonds in the world.