WBCS.LIVE practice question

Which international organization is also known as the 'World Bank'?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. IMF
  2. IBRD
  3. WTO
  4. ADB

Correct answer and explanation

Correct answer: IBRD

Explanation: āœ… Correct Answer: B) IBRD šŸ“š Explanation: The International Bank for Reconstruction and Development (IBRD) is the core institution of the World Bank Group. It was established in 1944 at the Bretton Woods Conference to help rebuild Europe after World War II. Today, it provides loans and financial assistance to developing countries for infrastructure and poverty reduction projects.