{"id":2860,"date":"2026-04-22T20:09:13","date_gmt":"2026-04-22T14:39:13","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2860"},"modified":"2026-04-22T20:09:16","modified_gmt":"2026-04-22T14:39:16","slug":"consider-the-following-statements-in-respect-of-the-international-bank-for-reconstruction-and-development-ibrd","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/prelims\/consider-the-following-statements-in-respect-of-the-international-bank-for-reconstruction-and-development-ibrd","title":{"rendered":"Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):\u00a0"},"content":{"rendered":"\n
    \n
  1. It provides loans and guarantees to middle income countries.\u00a0\u00a0\u00a0<\/li>\n\n\n\n
  2. It works\u00a0single-handedly<\/strong>\u00a0to help developing countries to reduce poverty.\u00a0\u00a0<\/li>\n\n\n\n
  3. It was established to help Europe rebuild after World War II.\u00a0\u00a0\u00a0\u00a0<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above are correct?    <\/p>\n\n\n\n

      \n
    • I and II only\u00a0\u00a0\u00a0\u00a0<\/li>\n\n\n\n
    • II and III only\u00a0\u00a0\u00a0\u00a0<\/li>\n\n\n\n
    • I and III only\u00a0\u00a0\u00a0\u00a0<\/li>\n\n\n\n
    • I, II and III\u00a0\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer: (c) I and III only <\/strong><\/p>\n<\/blockquote>\n\n\n\n

      International Bank for Reconstruction and Development (IBRD)<\/h5>\n\n\n\n
        \n
      • The International Bank for Reconstruction and Development (IBRD) is the\u00a0world\u2019s largest development bank, operating as the lending arm of the World Bank Group to reduce poverty in middle-income and creditworthy low-income countries<\/strong>.<\/li>\n\n\n\n
      • Established\u00a0in 1944<\/strong>\u00a0to rebuild Europe<\/strong>, it\u00a0now provides loans, risk management, and strategic advisory services to foster sustainable economic growth.<\/strong><\/li>\n\n\n\n
      • Key Features of the IBRD:<\/strong>\n
          \n
        • Ownership:<\/strong>\u00a0Owned by\u00a0189 member countries,<\/strong>\u00a0which are shareholders.<\/li>\n\n\n\n
        • Financing:<\/strong>\u00a0Funds its lending by issuing bonds in global capital markets rather than relying solely on taxpayer money.<\/li>\n\n\n\n
        • Services:<\/strong>\u00a0Offers financial solutions (loans, guarantees), knowledge, and technical expertise to member nations.<\/li>\n\n\n\n
        • Goal:<\/strong>\u00a0Aims to create a world free of poverty on a livable planet through sustainable development.<\/li>\n\n\n\n
        • Headquarters:<\/strong>\u00a0Located in Washington, D.C., USA.\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • IBRD works closely with the\u00a0International Development Association (IDA)\u00a0to form the World Bank, with IBRD focusing on middle-income nations<\/strong>\u00a0and IDA\u00a0providing grants and loans to the lowest-income countries.<\/strong><\/li>\n\n\n\n
        • The\u00a0IBRD is not the only institution working on poverty reduction. It is one of five institutions that make up the World Bank Group, which includes<\/strong>:\n
            \n
          • IDA<\/strong>\u00a0(International Development Association) \u2013 for the poorest countries<\/li>\n\n\n\n
          • IFC\u00a0<\/strong>(International Finance Corporation) \u2013 for private sector development<\/li>\n\n\n\n
          • MIGA\u00a0<\/strong>(Multilateral Investment Guarantee Agency) \u2013 for political risk insurance<\/li>\n\n\n\n
          • ICSID<\/strong>\u00a0(International Centre for Settlement of Investment Disputes) \u2013 for arbitration<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Together, these institutions work collaboratively, not \u201csingle-handedly,\u201d to reduce poverty<\/strong>\u00a0and promote development.<\/li>\n<\/ul>\n\n\n\n
            \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

            Which of the statements given above are correct?     Answer: (c) I and III only  International Bank for Reconstruction and Development (IBRD)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3,1],"tags":[38],"years":[63],"class_list":["post-2860","post","type-post","status-publish","format-standard","hentry","category-prelims","category-upsc","tag-indian-economy","years-63"],"acf":[],"taxonomy_info":{"category":[{"value":3,"label":"Prelims"},{"value":1,"label":"UPSC"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":63,"label":"2025"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1},{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2860"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2860\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2860"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}