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Question

World Bank and IMF were establishment in the year __________.

A
1941
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B
1945
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C
1947
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D
1950
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Solution

The correct option is A 1945
The World Bank and the International Monetary Fund were established on 27 December 1945 in United States. The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system. They share the same goal of raising living standards in their member countries. Their approaches to this goal are complementary, with the IMF focusing on macroeconomic issues and the World Bank concentrating on long-term economic development and poverty reduction.

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