Practicing Success
When a huge financial burden was witnessed by India in the year 1991, two famous organizations supported us to uplift our economy. According to you, which organization supported India at the time of crisis by lending $7 billion? |
IMF and Swiss Bank World Bank and IMF World Bank and Swiss Bank None of the above |
World Bank and IMF |
India approached the International Bank for Reconstruction and Development (IBRD), popularly known as World Bank and the International Monetary Fund (IMF), and received $7 billion as loan to manage the crisis. Thus, the correct answer is Option 2. |