Question : Which organization provided financial assistance to India during the 1991 crisis?
Option 1: United Nations Development Programme (UNDP)
Option 2: International Monetary Fund (IMF)
Option 3: World Bank
Option 4: Asian Development Bank (ADB)
Correct Answer: International Monetary Fund (IMF)
Solution : The correct answer is (b) International Monetary Fund (IMF)
In 1991, India entered into a loan agreement with the IMF, under which the IMF provided financial assistance to help stabilize the Indian economy and address its balance of payments issues. The loan agreement included conditions and policy reforms aimed at liberalizing and restructuring the Indian economy, such as reducing fiscal deficits, implementing market-oriented reforms, and promoting trade and investment liberalization.
The IMF's financial assistance and the associated policy reforms helped India navigate the economic crisis and set the stage for the liberalization and economic reforms that followed in subsequent years.
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Question : Which international financial institution provided financial assistance to India during the 1991 crisis?
Option 1: World Bank
Option 3: Asian Development Bank (ADB)
Option 4: New Development Bank (NDB)
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 : Which agency is responsible for maintaining health infrastructure in India?
Option 1: WHO (World Health Organization)
Option 2: UNICEF (United Nations International Children's Emergency Fund)
Option 3: NITI Aayog (National Institution for Transforming India)
Option 4: Ministry of Health and Family Welfare
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
Question : Which international organization has been involved in mediating the Kashmir dispute between India and Pakistan?
Option 1: United Nations
Option 2: NATO
Option 3: ASEAN
Option 4: SAARC
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