In which conference the decision to set up World Bank was taken?

Correct option is B

The World Bank was established at the Bretton Woods Conference, held in July 1944 in New Hampshire, USA. This conference laid the foundation for the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which later became part of the World Bank Group.
Information Booster:
1. Bretton Woods Conference shaped the global economic order post-World War II.
2. The IMF and World Bank were established to ensure financial stability and reconstruction.
3. The Bretton Woods system was based on fixed exchange rates with the US dollar as the central currency.
4. It led to the creation of new financial institutions to manage economic cooperation.
5. The conference marked the beginning of a new era of international economic governance.
6. The World Bank provides financial and technical assistance to developing countries.
Additional Information:
· Option (a) New York: Not related to the establishment of the World Bank.
· Option (b) Bretton Woods: The correct location of the 1944 conference leading to the formation of the World Bank and IMF.
· Option (c) Massachusetts: Incorrect; not the location of the conference.
· Option (d) Paris: Irrelevant in the context of establishing the World Bank