Question

Arrange the following higher banking institutions as per their year of establishment from early to latest.
(A) Asian Development Bank (ADB)
(B) International Development Association (IDA)
(C) World Bank (IBRD)
(D) International Finance Corporation (IFC)
Choose the correct answer from the options given below:

• A. (C), (B), (D), (A)
• B. (D), (C), (A), (D)
• C. (C), (D), (B), (A)
• D. (C), (A), (B), (D)

Hint:

Remember the World Bank Group timeline:
- IBRD was established first in 194
- IFC was added in 1956 to support private enterprise.
- IDA was established in 1960 to act as the soft loan window.

Answer 1

The Correct Option is C