Assertion (A): World Bank and IMF were established after the Second World War.

Reason (R): The Second World War caused an immense amount of economic destruction and many parts of Europe and Asia were destroyed.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true and (R) is not the correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The International Monetary Fund was founded at the Bretton Woods Conference to handle its member countries' global surpluses and deficits. Additionally, the International Bank for Reconstruction and Development (World Bank) was also established to assist with post-war reconstruction.
World War II (1939-1945) was fought between the Allies (Britain, France, the Soviet Union, and the United States) and the Axis powers (Germany, Italy, and Japan). At least 60 million people died in this war (about 3% of the world's population in 1939), and many more were injured. In addition, the Second World War caused significant financial destruction and destroyed many parts of Europe and Asia. Thus the Second World War was devastating in terms of human and economic impact.
Hence, both the Assertion and Reason are true, but the Reason is not the correct explanation of the Assertion.

Watch 3-min video & get full concept clarity