What was the purpose of the World Bank when it was first formed?

To provide loans to enterprising businessmen.

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To provide loans to enterprising countries.

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To help rebuild war-destroyed countries.

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To help set up banks in all parts of the world.

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Solution

The correct option is C To help rebuild war-destroyed countries.
The World Bank is a UN agency. When it was founded in 1944 - a year before the Second World War came to an end - it was called the International Bank for Reconstruction and Development. As the name suggests, its main task was to help rebuild war-destroyed countries. Slowly, it expanded its reach to other parts of the world as well.

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