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Q96 (UPPCS/2025) International Relations & Global Affairs › International Organisations & Groupings

With reference to World Bank and International Monetary Fund, which of the following statements is/are correct ?
1. The World Bank and International Monetary Fund were set up together and are popularly known as Bretton Wood Twins.
2. Headquarters of International Monetary Fund and World Bank are located at Washington D.C. and New York respectively.
Select the correct answer from the code given below :
Code :

Result
Your answer: —  Â·  Correct: B

Explanation

Statement 1 is correct. The World Bank and the International Monetary Fund (IMF) were both conceived at the United Nations Monetary and Financial Conference held in July 1944 in Bretton Woods, New Hampshire, USA. Because of this shared origin, they are widely referred to as the Bretton Woods Twins.

Statement 2 is incorrect. Both the International Monetary Fund and the World Bank are headquartered in Washington D.C., USA. While the United Nations is headquartered in New York, the Bretton Woods institutions were established in the capital city. Therefore, only the first statement is accurate.

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SIMILAR QUESTIONS

IAS · 2016 · Q15 Relevance score: 5.03

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements : 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. 2. The World Bank participates as observer in IMFC's meetings. Which of the statements given above is/are correct?

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IAS · 2011 · Q74 Relevance score: 2.98

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CDS-II · 2014 · Q49 Relevance score: 2.62

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 ?

IAS · 2016 · Q8 Relevance score: 2.37

With reference to 'IFC Masala Bonds', sometimes seen in the news, which of the statements given below is/are correct? 1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector. Select the correct answer using the code given below.