Created in 1945 to Reduce Poverty and Stabilize Foreign Currency Markets, the World Bank and the International Monetary Fund have, According to Some Critics

Question: Created in 1945 to reduce poverty and stabilize foreign currency markets, the World Bank and the International Monetary Fund have, according to some critics, continually struggled to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—but neglected their intended beneficiaries in the developing world.

(A) continually struggled to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—but neglected
(B) continually struggled as they try to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—while neglecting that of
(C) continually struggled to meet their major shareholders’ expectations—a group comprising many of the world’s rich nations—but neglected that of
(D) had to struggle continually in trying to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—while neglecting that of
(E) struggled continually in trying to meet their major shareholders’ expectations—a group comprising many of the world’s rich nations—and neglecting

“Created in 1945 to reduce poverty and stabilize foreign currency markets, the World Bank and the International Monetary Fund have, according to some critics, continually struggled to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—but neglected their intended beneficiaries in the developing world.” - is a GMAT sentence correction question. These types of questions contain grammatical errors in the underlined sentence and we have to choose the correct statement from the options. GMAT sentence correction is a part of GMAT verbal.

Answer: A

Explanation:

The given sentence correction question is tested by the given-below rules:

• Parallelism
• Comparison of two elements
• Modifiers

Created in 1945 to reduce poverty and stabilize foreign currency markets, the World Bank and the International Monetary Fund have, according to some critics, continually struggled to meet the expectations of their major shareholders—a group comprising many of the world’s rich nations—but neglected their intended beneficiaries in the developing world.

(A) This seems the correct option as it is not redundant and contains no issues with grammar.
(B) The problem is the singular pronoun “that” at the end of the underlined portion. The trouble is, I don’t really see any singular nouns “that” could possibly refer to. Logically, “that” should refer to “the needs” (which is not stated anywhere in the sentence) or maybe “the expectations”, but those are both plurals, anyway.
(C) The first part of the underlined portion looks fine, but we still have exactly the same problem with the singular pronoun “that” at the end of the underlined section. “That” is singular, and there are no logical singular referents.
(D) This statement is wrong because we can not say the world bank and IMF(International world bank) have had to struggle
(E) Wrong because A noun + noun modifier does not have any identity to modify. expectations can not be a group. Also, the noun + noun modifier here is: "a group(noun) + comprising many of the world's rich nations (Verb-ing modifier)

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