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What was the primary objective behind the establishment of the International Monetary Fund (IMF) during the Bretton Woods Conference of 1944?
  • a)
    To promote global trade and economic growth
  • b)
    To aid economic development and ensure monetary stability worldwide
  • c)
    To establish a platform for Western financial dominance
  • d)
    To regulate international currency exchange rates
Correct answer is option '
OPTIONB
'. Can you explain this answer?
Most Upvoted Answer
What was the primary objective behind the establishment of the Intern...
The primary objective behind the establishment of the IMF during the Bretton Woods Conference of 1944 was to aid economic development and promote monetary cooperation and stability globally. The IMF was designed to provide financial assistance and policy advice to member countries facing balance of payments problems, aiming to foster economic growth and stability on an international scale.
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What was the primary objective behind the establishment of the International Monetary Fund (IMF) during the Bretton Woods Conference of 1944?a)To promote global trade and economic growthb)To aid economic development and ensure monetary stability worldwidec)To establish a platform for Western financial dominanced)To regulate international currency exchange ratesCorrect answer is option 'OPTIONB'. Can you explain this answer?
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What was the primary objective behind the establishment of the International Monetary Fund (IMF) during the Bretton Woods Conference of 1944?a)To promote global trade and economic growthb)To aid economic development and ensure monetary stability worldwidec)To establish a platform for Western financial dominanced)To regulate international currency exchange ratesCorrect answer is option 'OPTIONB'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What was the primary objective behind the establishment of the International Monetary Fund (IMF) during the Bretton Woods Conference of 1944?a)To promote global trade and economic growthb)To aid economic development and ensure monetary stability worldwidec)To establish a platform for Western financial dominanced)To regulate international currency exchange ratesCorrect answer is option 'OPTIONB'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the primary objective behind the establishment of the International Monetary Fund (IMF) during the Bretton Woods Conference of 1944?a)To promote global trade and economic growthb)To aid economic development and ensure monetary stability worldwidec)To establish a platform for Western financial dominanced)To regulate international currency exchange ratesCorrect answer is option 'OPTIONB'. Can you explain this answer?.
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