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:

Key details of Bretton Woods Institutions (1944): - World Bank (IBRD): Created in 1944; focuses on long-term development loans for developing nations. - IMF (International Monetary Fund): Created in 1944; focuses on international financial system stability and short-term balance-of-payments support.

Answer 1

The Correct Option is D