Which of the following constitute the World Bank? I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Development Association IV. International Monetary Fund. Choose the correct answer from the codes given below: Codes:

The World Bank Group consists of five closely associated institutions. However, the term World Bank specifically refers to only two of these: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). In many contexts, including this question, the International Finance Corporation (IFC) is also grouped under the World Bank umbrella as it is a core part of the organization's development operations. The International Monetary Fund (IMF) is a separate organization. While both the World Bank and the IMF were created at the Bretton Woods Conference, they have different mandates. The IMF focuses on maintaining global monetary stability and providing short term loans for balance of payments issues, whereas the World Bank focuses on long term economic development and poverty reduction. Therefore, statement IV is incorrect, making option A the correct answer.