History · The Making of a Global World
Consider the following statements regarding the Bretton Woods institutions: Statement I: The International Monetary Fund (IMF) was set up to deal with external surpluses and deficits of its member nations. Statement II: The International Bank for Reconstruction and Development (IBRD) is popularly known as the World Bank. Which of the following options is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are incorrect
- 2Both Statement I and Statement II are correct✓
- 3Only Statement II is correct
- 4Only Statement I is correct
Correct answer
Both Statement I and Statement II are correct
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