World bank - class-XI

The World Bank's primary objective is to provide long-term financial assistance and support for development, which includes addressing long-term structural imbalances in the balance of payments, whereas the IMF typically handles short-term disequilibrium.

The acronym for General Agreement for Tariffs and Trade is GATT. The main aim of GATT is to promote international trade by eliminating trade barriers.

International trade institutions are established for various aspects and regulations in the international trade, some of these institutions are International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Trade Organization (ITO). 

The world bank is significantly involved in eradication of poverty through raising productivity in the underdeveloped nations by helping them in industrial and agricultural economies and creating employment opportunities for the poor.

The Foreign Exchange Management Act (FEMA) was implemented in the year 1999, it is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

In the 2015 Ease of Doing Business report, India was ranked 142nd out of 189 economies.

The main objective of ITO  was to promote and facilitate international trade among member nations, ITO was an international trade institution which is now also know as the WTO World Trade Oregannization.

FERRA (Foreign Exchange Regulation Act) primarily regulates foreign exchange transactions and securities dealings to conserve foreign currency. The abbreviation in the question has a typo (FFRA instead of FERA). It doesn't primarily regulate foreign companies, domestic trade, or employment of foreign nationals.

In the early stages of industrial development, a country typically lacks the domestic capacity to produce machinery and advanced technology, necessitating high imports of capital goods.

 The World Bank Group consists of five member institutions: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes

The world bank provides resources for education, sanitation, health care in the nations that lack such resources.

The world bank is also known as International Bank for Reconstruction and Development (IBRD).

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.

The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.

The headquarters of the World bank is in Washington D.C