Which one of the following institutions was established at the Bretton Woods Conference?

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International Security Fund

International Monetary Fund

Indian Monetary Fund

International Labour Organisation

answer is B.

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Detailed Solution

The International Monetary Fund was established at the Bretton Woods Conference.
The International Monetary Fund (IMF) is an international organisation formed with the aim of establishing international financial relations and exchange rates. It is a part of the United Nations system and has a formal partnership agreement with the UN but maintains its independence. The IMF often monitors the global economy, and its main purpose is to strengthen the economies of its member states.
Specifically, the IMF was established for the following purposes:

Encourage financial stability and globalisation.

Promote the expansion of international trade.

Contribute to the ongoing development of a multinational payment system.

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