Explanation:

The Bretton Woods Conference held in 1944, created the International Bank for Reconstruction and Development (IBRD) along with the International Monetary Fund (IMF). 

• The IBRD later became the World Bank.
• The World Bank Group is a unique global partnership of five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
• It has 189 member countries. India is also a member country.

Its Five Development Institutions:

1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC).
4. Multilateral Guarantee Agency (MIGA)
5. International Centre for the Settlement of Investment Disputes (ICSID)

Note: India is not a member of ICSID.
Hence only statement 1st is correct.