Consider the following statements with respect to World Bank:

  1. The World Bank gives loans, advice and training to both the private and public sectors of member countries on the guarantee of their government.
  2. For a country to be a member of the world bank; it must be a member of international monetary fund.

Which of the above statements is/are correct?

Answer: [C] Both 1 and 2

Both the statements are correct

This question is a part of GKToday's Integrated IAS General Studies Module