Political Science · International Relations
UGC NET December 2019 Political Science
Arrange the following bodies of the World Bank Group in their chronological order. Choose the correct option from below.
- 1. International Bank for Reconstruction and Development
- 2. Multilateral Investment Guarantee Agency
- 3. International Finance Corporation
- 4. International Development Association
A4, 3, 2 and 1
B1, 3, 4 and 2 ✓ Correct
C2, 4, 1 and 3
D3, 4, 1 and 2
Correct answer: (B) 1, 3, 4 and 2 — The correct order is 1, 3, 4 and 2.
Explanation
★The correct order is 1, 3, 4 and 2.
★The International Bank for Reconstruction and Development was founded in 1944, the first.
★The International Finance Corporation followed in 1956.
★The International Development Association was set up in 1960.
★The Multilateral Investment Guarantee Agency came last, in 1988.
★Together these form parts of the World Bank Group.
★So the sequence runs from 1944 to 1988.
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