Target Exam

CUET

Subject

Legal Studies

Chapter

International Context

Question:

Which international organisation was initially originated as International Bank for Reconstruction and Development (IBRD)?

Options:

International Monetary Fund

World Bank

Reserve Bank

Monetary Bank of world

Correct Answer:

World Bank

Explanation:

The correct answer is Option (2) → World Bank

The World Bank was initially originated as the International Bank for Reconstruction and Development (IBRD).

The IBRD was one of the original institutions created at the Bretton Woods Conference in 1944. Its primary purpose was to help rebuild war-torn countries after World War II. Over time, the World Bank has expanded its focus to include poverty reduction, economic development, and improving living standards in developing countries.