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 WarII.Which of the statements given above are correct?

1. A

   I and II only

   I and II only. That drops a keyed IBRD line.

2. B

   II and III only

   II and III only. That drops I.

3. C

   I and III only

   I and III only. The official IBRD pair on this paper.

4. D

   I, II and III

   All three. II is the extra limb.

Summary. Official Set A key is (c) I and III only. IBRD is the World Bank’s original lending arm. The two statements keyed as correct are I and III; II is the distractor (often a confusion with IDA, IFC or the Board).