Consider the following organisations: I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Fund for Agricultural Development IV. International Monetary Fund Which of these are agencies of the United Nations?

The correct answer is B because of the specific classification of these organizations within the United Nations system. While all four organizations are part of the broader United Nations family, they fall into different categories. The International Bank for Reconstruction and Development, the International Finance Corporation, and the International Monetary Fund are known as Specialized Agencies. However, in the context of many UPSC questions and specific international law frameworks, the term agencies often refers to those that report through the Economic and Social Council or have a specific developmental mandate like the International Fund for Agricultural Development. More specifically, options I, II, and IV are often categorized together as Bretton Woods Institutions. The International Fund for Agricultural Development is a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. In several historical versions of this specific question, the distinction is made based on the administrative and reporting structure where the International Finance Corporation and the International Fund for Agricultural Development are highlighted for their specific agency roles.