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Q.

Which of the following organizations were established during the Bretton woods Conference?

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a

UNO and IMF

b

IMF and the Security Council

c

IMF and the World Bank

d

The world Bank and the RBI

answer is C.

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Detailed Solution

The World Bank and IMF were established as a consequence of the Bretton Woods conference. After World War II, economists realized that to sustain, mass production and mass consumption are required at the same time. For this reason, to facilitate mass consumption, the people needed to have a high and relatively stable income. Economic stability was required to ensure that mass consumption can be carried on and this would in turn help to make the mass production of goods feasible. To ensure this, there was a meeting at the United Nations Monetary and Financial Conference in 1944 in New Hampshire, USA.

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Which of the following organizations were established during the Bretton woods Conference?