Which one of the following institutions were established in 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

International Monetary Fund institutions were established in the Bretton Woods Conference.
The International Monetary Fund (IMF) is an international organisation formed to establish international financial relations and exchange rates. The International Monetary Fund (IMF) is 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 to
1)      Encourage financial stability and globalisation
2)      Promote the expansion and equitable expansion of international trade.
3)      Contribute to the ongoing development of a multinational payment system.
It was built in 1944 at the Bretton Woods Conference. The Chinese yuan was recently included in the IMF's SDR basket.

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