With reference to World Bank and International Monetary Fund, which of the following statements is/are correct?1.The World Bank and International Monetary Fund were set up together and are popularly known as Bretton Wood Twins.2.Headquarters of International Monetary Fund and World Bank are located at Washington D.C. and New York respectively.Select the correct answer from the code given below:

1. A

   Only 2

   Only 2. Both HQ are in Washington D.C.; World Bank is not New York.

2. B

   Neither 1 nor 2

   Neither. Statement 1 holds: Bretton Woods twins, 1944.

3. C

   Both 1 and 2

   Both. Statement 2 puts the Bank in New York.

4. D

   Only 1

   Only 1. IMF and World Bank are Bretton Woods twins. Both headquarters are in Washington D.C., not New York for the Bank.

Summary. Official key is (d) only 1. Bretton Woods twins. Bank HQ is not New York.