Practicing Success
Practicing Success
CUET Preparation Today
| During 1991 crisis, India approached I.B.R.D. when it had no other option left, what is the full form of I.B.R.D.? |
Indian Bank for Recognition and Development International Bank for Recognition and Development Indian Bank for Reconstruction and Development International Bank for Reconstruction and Development |
| International Bank for Reconstruction and Development |
| When all the doors were closed and Indian economy was on the verge of collapsing, it approached I.B.R.D., popularly known as International Bank for Reconstruction and Development and received 7 billion dollar as loan to manage the crisis. This loan was given on the condition that India will liberalize and open up the economy by removing restrictions on private sector, reducing role of government and trade restrictions globally. |
