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Q.

Which of the following were established at the Bretton Woods Conference?

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a

World Bank

b

International Monetary Fund

c

Both 1 & 2

d

None of these

answer is C.

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Detailed Solution

The World Bank and the International Monetary Fund were established at the Bretton Woods Conference.
To address the external surpluses and deficits of its member countries, the Bretton Woods conference established the International Monetary Fund (IMF). The World Bank, also referred to as the International Bank for Reconstruction and Development, was founded to provide funding for post-war reconstruction. The Bretton Woods institutions, or occasionally the Bretton Woods twins, refer to the World Bank and the IMF. Financial operations for the IMF and the World Bank started in 1947.

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