Which statement about the 'World Bank' is incorrect?

The World Bank was created during the First World War in 1917.

The correct answer is Option 1 - The World Bank was created during the First World War in 1917. 

Option 1- The World Bank was created during the First World War in 1917. (incorrect)
Option 2- Its activities are focused on the developing countries.
Option 3- It provides loans and grants to the member-countries.
Option 4- It is often criticised for setting the economic agenda of the poorer nations, attaching stringent conditions to its loans and forcing free market reforms.

CORRECTION in option 1- The World Bank was created during the Second World War in 1944. 

The World Bank was created during the Second World War in 1944. Its activities are focused on the developing countries. It works for human development (education, health), agriculture and rural development (irrigation, rural services), environmental protection (pollution reduction, establishing and enforcing regulations), infrastructure (roads, urban regeneration, electricity) and governance (anti-corruption, development of legal institutions). It provides loans and grants to the member-countries. In this way, it exercises enormous influence on the economic policies of developing countries. It is often criticised for setting the economic agenda of the poorer nations, attaching stringent conditions to its loans and forcing free market reforms.