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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Foreign Trade and Investment in India

  • question_answer
    Consider the following statements:
    1. International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945.
    2. IMF grants loan to member country and other developing countries.
    Which of the statements given above is/are correct?

    A) 1 only                          

    B) 2 only

    C) 1 and 2           

    D) None

    Correct Answer: A

    Solution :

    International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 to foster global growth and economic stability. IMF grants loan to member country only.


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