Consider the following regarding 39 World Bank 39 1 World Bank Group WBG consists of ...........

Economic Affairs World Bank and IMF

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Consider the following regarding 'World Bank'-

1) World Bank Group (WBG) consists of World Bank and International Monetary Fund.

2) World Bank generally refers to the IBRD and IDA.

3) IDA provides interest-free loans or grants.

Which of the given above statement (s) is/ are correct?

1 and 2

2 and 3

1 and 3

1, 2 and 3

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Explanation:

First statement is incorrect i.e. World Bank Group (WBG) consists of World Bank and International Monetary Fund.
World Bank group are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).