Attempt this previous-year question. The correct option stays hidden until you choose.
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) :
I. It provides loans and guarantees to middle income countries.
II. It works single- handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War
II.
Which of the statements given above are correct?
Pick an option to check yourself.
• Correct Answer: C
• Statements I and III are correct: IBRD provides loans to middle-income countries and was established in 1944 to help rebuild post-WWII Europe.
• Statement II is incorrect: IBRD operates as part of the World Bank Group, collaborating with IDA and other institutions.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
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