Question : Which international financial institution provided financial assistance to India during the 1991 crisis?
Option 1: World Bank
Option 2: International Monetary Fund (IMF)
Option 3: Asian Development Bank (ADB)
Option 4: New Development Bank (NDB)
Correct Answer: International Monetary Fund (IMF)
Solution : The correct answer is (b) International Monetary Fund (IMF).
The International Monetary Fund provided financial assistance to India to help address the balance of payments crisis and stabilize its economy. The IMF's support included the provision of loans and the implementation of economic reforms as part of the assistance package. The assistance from the IMF played a crucial role in supporting India's economic recovery and implementing the necessary policy changes during that period.
College Comparison based on Courses, Placement, Rank, Fee
Question : Which organization provided financial assistance to India during the 1991 crisis?
Option 1: United Nations Development Programme (UNDP)
Option 3: World Bank
Option 4: Asian Development Bank (ADB)
Question : Which international organization played a significant role in promoting globalization in India?
Option 1: World Trade Organization (WTO)
Option 4: United Nations (UN)
Question : ___________ is a financial institution that specializes in providing loans for purchasing homes.
Option 1: Housing Development Finance Corporation (HDFC)
Option 2: Industrial Development Bank of India (IDBI)
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: Export-Import Bank of India (EXIM Bank)
Question : ___________ is a financial institution that provides long-term credit for agriculture and rural development.
Option 1: Agricultural Finance Corporation
Option 2: Rural Development Bank
Option 4: National Bank for Agriculture and Rural Development (NABARD)
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile