Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Full form of IBRD is ___________________.

Options:

Indian Bank for Reconstruction

Indian Bank for Rural Development

International Bank for Rural Development

International Bank for Reconstruction and Development

Correct Answer:

International Bank for Reconstruction and Development

Explanation:

The correct answer is option (4) : International Bank for Reconstruction and Development

The IBRD stands for the International Bank for Reconstruction and Development. It is one of the five member institutions that compose the World Bank Group. The primary purpose of the IBRD is to provide financial and technical assistance to middle-income and creditworthy low-income countries for development projects and programs.