Question

Which of the following statements are correct for World Bank?

1. It was created immediately after the Second World War in 1945.
2. It works for human development (education, health), agriculture, and rural development (irrigation, rural services).
3. It provides loans and grants to the member countries.

पर्याय

• i, ii, iii

• i, ii

• i, iii

• ii, iii

Answer 1

i, ii, iii

Explanation:

The World Bank was established in 1945, immediately following the end of World War II. Its activities are primarily directed toward developing countries. It works on human development (education, health), agriculture and rural development (irrigation, rural services), environmental protection (pollution reduction, regulation establishment, and enforcement), infrastructure (roads, urban regeneration, and electricity), and governance (anti-corruption, development of legal institutions). It lends and grants money to member countries. In this way, it wields enormous power over developing countries' economic policies. It is frequently chastised for dictating the economic agendas of poorer countries, attaching stringent conditions to its loans, and imposing free-market reforms.