Exams › SSC CGL (Prelims) › General

India approached which of the following international financial institutions for balance of payments assistance during the 1991 economic crisis?

1. International Monetary Fund and World Bank
2. Asian Development Bank and UNESCO
3. World Trade Organization and UNDP
4. IMF and World Health Organization

Correct answer: International Monetary Fund and World Bank

Solution

During the 1991 balance of payments crisis, India sought assistance from the IMF and the World Bank. These institutions provided the needed external financial support. Hence, the correct answer is International Monetary Fund and World Bank.

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