Choose given statement True/False:

The World Bank is an international organisation that helps countries with their financial needs.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The World Bank is an international organisation that helps countries with their financial needs. The World Bank helps promote long-term economic development by providing technical and financial support to the countries.
For comparing poverty rates in different countries, the world bank uses a uniform poverty line standard. All individuals living below $1.90 per day will be considered poor. India, too, has its method of calculating the poverty line, and so do other countries. But the methodologies used for calculating the poverty line differ in different countries depending on several factors. Hence, the world bank’s uniform standard is needed to compare the level of poverty in different countries.

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