Question

Given below are two statements:
Statement I: The World Bank was created after the Second World War in the year 1945.
Statement II: The activities of the World Bank are focused on the developing countries.
In the light of above statements, choose the correct answer from the options given below:

• A. Both Statement I and Statement II are true.
• B. Both Statement I and Statement II are false.
• C. Statement I is true, but Statement II is false.
• D. Statement I is false, but Statement II is true.

Hint:

Remember the “Bretton Woods Twins”---the World Bank (IBRD) and the International Monetary Fund (IMF)---were both planned in 1944 to restore the post-WWII global economy, with the World Bank formally starting operations in 1945 focusing on development.

Answer 1

The Correct Option is A