Minimalist IAS
Economy & social development

Prelims · Economy & social development · 53 questions

External sector & international economic bodies

Every UPSC Prelims question on this topic, 2016–2026, newest first. Tap an option to check yourself; the answer and explanation open below it.

External sector & international economic bodies questions per year: 2016: 3, 2017: 4, 2018: 1, 2019: 3, 2020: 6, 2021: 2, 2022: 3, 2023: 2, 2024: 1, 2025: 1, 2026: 0 Asked in 10 of 11 years · most in 2020 (6)

Practising Economy & social development? Take it as timed sets of 25 →

UPSC syllabus: “Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.” Sub-topics in the detailed syllabus →

अंतर्राष्ट्रीय पुनर्निर्माण और विकास बैंक (IBRD) के बारे में, निम्नलिखित कथनों पर विचार कीजिए :

  1. I.यह मध्यम आय वाले देशों को ऋण और गारंटी प्रदान करता है।
  2. II.यह गरीबी कम करने में विकासशील देशों की सहायता के लिए अकेले ही कार्य करता है।
  3. III.इसकी स्थापना द्वितीय विश्व-युद्ध के उपरांत यूरोप के पुनर्निर्माण में सहायता हेतु की गई थी।

उपर्युक्त कथनों में कौन-कौन से सही हैं?

Read this question in English

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?

(a) I and II only · (b) II and III only · (c) I and III only · (d) I, II and III

उत्तर और व्याख्या · explanation in English

Answer: (c) केवल I और III

I and III are correct. The IBRD lends and gives guarantees to middle-income and creditworthy low-income countries, and it was created in 1944 to help Europe rebuild after the Second World War. II is wrong because the IBRD does not work alone: it joins with the IDA to form the World Bank and works with the wider World Bank Group and with public and private partners.

  • ✓ I The World Bank describes the IBRD as providing loans, guarantees, risk management products and advisory services to middle-income and creditworthy low-income countries.
  • ✗ II The IBRD joins with the IDA to form the World Bank, and it works closely with all institutions of the World Bank Group and with public and private sectors, so it does not work single-handedly.
  • ✓ III Created in 1944 to help Europe rebuild after the Second World War; NCERT says it was set up to finance post-war reconstruction.

Remember · IBRD (1944, Bretton Woods): lends to middle-income and creditworthy low-income countries; with IDA forms the World Bank; set up to finance post-war reconstruction.

📘 Read it in NCERT: Class 10 India and the Contemporary World – II, Ch 3 (practise this chapter)

Sources

Question and answer: UPSC's official GS Paper I (2025, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). Permalink ·

The Syllabus X-Ray of this topic

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1 Core · 3 High · 0 Steady · 2 Rare

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