In which year was the World Bank created?

In which year was the World Bank created?

  • (A) 1941
  • (C) 1943
  • (B) 1942
  • (D) 1944
The formation of the World Bank dates back to 1944, during the Bretton Woods Conference, which took place in New Hampshire, USA. The responsibility of the Bank was to aid in the rebuilding process of war-torn countries following WWII. It began operating in 1946. Initially, it was named the International Bank for Reconstruction and Development and sought to promote stability and development.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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