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The International Bank for Reconstruction and Development (IBRD) is popularly known as_______.

Solution

Correct Option: 3

The IBRD, set up at the Bretton Woods conference in 1944, is popularly known as the World Bank. It provides long-term loans to member countries for development and reconstruction. SBI and RBI are Indian institutions, and the IMF is a separate Bretton Woods institution that deals with short-term BoP problems.

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