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?
Answer & explanation
Correct answer: option 2
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.