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  1. Which one of the following institutions is also called “World Bank”?
    1. International Bank of Reconstruction and Development
    2. International Monetary Fund
    3. UNICEF
    4. IFC
Correct Option: A

The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.


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