Q. Which of the following is NOT TRUE about the World Bank?

1. It comprises of two development based institutions: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA)
2. It is a main source of technical and financial assistance to the developing nations of the world.
3. The affiliates of World Bank are: International Finance Corporation, Multilateral Investment Guarantee Agency(MIGA) International Center for Settlement of Investment Disputes(ICSID)
4. The IBRD focuses on the poorest countries of the world , whereas IDA focuses on the middle income and poor countries that are creditworthy in nature.