{"id":45500,"date":"2024-04-15T21:58:55","date_gmt":"2024-04-15T21:58:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45500"},"modified":"2024-04-15T21:58:55","modified_gmt":"2024-04-15T21:58:55","slug":"one-of-the-following-is-also-called-as-world-bank","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/one-of-the-following-is-also-called-as-world-bank\/","title":{"rendered":"One of the following is also called as World Bank –"},"content":{"rendered":"

[amp_mcq option1=”IMF” option2=”IBRD” option3=”WTO” option4=”IDA” correct=”option2″]<\/p>\n

The correct answer is B. IBRD.<\/p>\n

The International Bank for Reconstruction and Development (IBRD) is one of five international organizations that make up the World Bank Group. The IBRD was founded in 1944 at the Bretton Woods Conference to help finance the reconstruction of Europe after World War II. The IBRD’s mission is to fight poverty and improve living standards for people in developing countries by providing loans, policy advice, and technical assistance.<\/p>\n

The IMF is the International Monetary Fund. It is an international organization that was founded in 1945 to promote international monetary cooperation, exchange stability, and orderly exchange arrangements. The IMF’s main functions are to lend money to countries in financial difficulty, to promote trade, and to provide technical assistance to governments.<\/p>\n

The WTO is the World Trade Organization. It is an international organization that was founded in 1995 to promote international trade. The WTO’s main functions are to negotiate trade agreements, to settle trade disputes, and to provide technical assistance to governments.<\/p>\n

The IDA is the International Development Association. It is a member of the World Bank Group that provides grants and low- or no-interest loans to the poorest countries in the world. The IDA’s mission is to reduce poverty and improve living standards for people in the poorest countries by providing financial assistance and policy advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

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