In which year the IMF and the resulting UN organisation started conducting financial transactions.

Book Online Demo

Check Your IQ

Try Test

Courses

Dropper NEET Course Dropper JEE Course Class - 12 NEET Course Class - 12 JEE Course Class - 11 NEET Course Class - 11 JEE Course Class - 10 Foundation NEET Course Class - 10 Foundation JEE Course Class - 10 CBSE Course Class - 9 Foundation NEET Course Class - 9 Foundation JEE Course Class -9 CBSE Course Class - 8 CBSE Course Class - 7 CBSE Course Class - 6 CBSE Course

Offline Centres

In which year the IMF and the resulting UN organisation started conducting financial transactions.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

1947

1978

1914

1987

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

In 1947, the IMF and the World Bank started conducting financial transactions.
The Bretton Woods Conference founded the International Monetary Fund (IMF) to manage its member countries' external surpluses and deficits. Meanwhile, the International Bank for Reconstruction and Development (World Bank) was established to fund post-war rebuilding. It was called Bretton Woods institutions, or occasionally the Bretton Woods twins, and was formed to deal with the post-World War II international financial system. In 1947, the IMF and the World Bank started conducting financial transactions. However, the Western industrial powers regulate decision-making in these institutions. Thus the US can effectively reject important IMF and World Bank decisions.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th