World Bank was established under Bretton woods agreement after the Second World War Choose the...........

Indian Polity NCERT

World Bank was established under Bretton woods agreement after the Second World War. Choose the incorrect statements about World Bank:

1. International Development Association is the investment arm of World Bank which provides loans to private sector.

2. International Finance Commission is the soft loan window of World Bank.

3. Multilateral Investment Guarantee Agency (MIGA) is the insurance arm of World Bank.

1 and 2 only

2 and 3 only

1 and 3 only

All the above

IDA = Soft loan window, period of repayment is 35-40 years.

• IFC= Investment arm of World Bank.

Submit Error