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| Which of the following statement (s) is NOT correct about the World bank? |
It was instituted as the International Bank for Reconstruction and Development. World Bank along with the IMF were dubbed as the Bretton Woods Twins. World Bank was started in order to aid the economies of various nations which had gained Independence in Post World War II era. All of the above |
| World Bank was started in order to aid the economies of various nations which had gained Independence in Post World War II era. |
| The World Bank was instituted as the International Bank for Reconstruction and Development (IBRD-the World Bank) and along with the IMF were dubbed the Bretton Woods Twins in 1944. These two sister institutions were started in order to aid the economies of various nations which had suffered immense losses subsequent to the Second World War. The World Bank aids member states by providing loans to member states for the purpose development and raises its funds by way of the world's financial markets. |
