Consider the following statements relating to the World Bank : 1. The World Bank was established in 1946, which is headquartered in New York. 2. The World Bank Group has set for itself the goal to end extreme poverty from the World by 2030. 3. The World B

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Q: 49 (CDS-II/2014)
Consider the following statements relating to the World Bank :
1. The World Bank was established in 1946, which is headquartered in New York.
2. The World Bank Group has set for itself the goal to end extreme poverty from the World by 2030.
3. The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense but a unique partner- ship to reduce poverty and support development.
4. The World Bank Group comprises five institutions managed by their member countries in order to promote shared prosperity by fostering the income growth of the bottom 40% for every country.
Which of the statements given above are correct ?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,25,49,24,25,20,5

keywords: 

{'world bank group': [0, 0, 0, 1], 'world bank': [0, 1, 0, 3], 'income growth': [0, 0, 0, 1], 'extreme poverty': [0, 0, 0, 2], 'member countries': [0, 3, 1, 13], 'poverty': [0, 1, 0, 3], 'bank': [0, 1, 0, 1], 'shared prosperity': [0, 0, 0, 1], 'institutions': [2, 1, 4, 11], 'countries': [1, 0, 2, 6], 'world': [24, 6, 12, 21], 'support development': [0, 0, 0, 1]}

The correct answer is option 2: 2, 3, and 4.

Let`s dissect each option to understand why:

Option 1: This option states that statements 1, 2, and 3 are correct. However, statement 1 is incorrect. The World Bank was established in 1944, not 1946, and its headquarters is located in Washington D.C., not New York. Therefore, this option is incorrect.

Option 2: This option states that statements 2, 3, and 4 are correct. Statement 2 is indeed correct. The World Bank Group has set a goal to end extreme poverty from the world by 2030. Statement 3 is also correct. The World Bank provides financial and technical assistance to developing countries and is a unique partnership aimed at reducing poverty and supporting development. Statement 4 is correct as well. The World Bank Group consists of five institutions managed by member countries to promote shared prosperity by fostering income growth for every country`s bottom 40%. Therefore, this option is correct.

Option 3: This option states that statements 1, 3, and 4 are correct. We already mentioned that statement 1 is incorrect, so this option is incorrect.

Option 4: This