General Knowledge MCQs Test Paper 1

Q.  IMF & World Bank are created through ?

a. Yalta Conference
b. New Deal
c. Treaty of Versailles
d. Bretton Woods Agreement


ANSWER: See Answer
 
The purpose of the Bretton Woods meeting was to set up a new system of rules, regulations, and procedures for the major economies of the world to ensure their economic stability. To do this, Bretton Woods established The International Monetary Fund (IMF) and the World Bank.
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