UPSC Prelims 2025 · Question 77 of 100

UPSC Prelims 2025 question on IBRD Loans Guarantees

Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):

I. It provides loans and guarantees to middle income countries.

II. It works single-handedly to help developing countries to reduce poverty.

III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

  1. I and II only
  2. II and III only
  3. I and III only
  4. I, II and III
Show answer

Answer: C. I and III only

Verdict

Correct statements: I and III → Option (c).

Statement by statement

Statement I – CORRECT: IBRD provides loans and guarantees mainly to middle-income countries.

Statement II – INCORRECT: It works with multiple institutions and partners.

Statement III – CORRECT: It was created in 1944 for post-WWII reconstruction.

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