With reference to ‘World Bank’ consider the following statements:

With reference to ‘World Bank’ consider the following statements:

1. The World Bank Group has decided to discontinue publishing its ‘Doing Business report on country investment climates’.

2. The World Bank was formed in July 1944 and its headquarters are located in Washington DC, USA.

Choose the correct option.

A. 1 Only

B. 2 Only

C. Both 1 & 2

D. None

Answer: Both 1 & 2

Explanation:

After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, World Bank Group has decided to stop publication of ‘Doing Business report on country investment climates’. The present president of the World Bank is David Malpass.

UPSC Daily Current Affairs Quiz Test 20 September 2021 Click Here