📝 SSC CGL📈 Economy

One of the following is also called as World Bank.

Q1 FREE PREVIEW
One of the following is also called as World Bank.
aIMF
bIBRD
cWTO
dIDA
✓ Correct answer: b) IBRD
ExplanationThe term “World Bank” refers to a group of international financial institutions that provide loans and grants for development.Its main lending institution is the International Bank for Reconstruction and Development (IBRD), established in 1944. The World Bank today consists of IBRD + IDA (International Development Association), but the IBRD is most directly identified as the "World Bank." Other options: IMF (International Monetary Fund) → Manages global monetary cooperation and exchange rates.WTO (World Trade Organization) → Regulates global trade.IDA → Concessional lending arm of the World Bank Group, but not itself called “World Bank.” Hence, the correct answer is "IBRD".

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