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To manage the 1991 crisis India received a loan of how much from the World Bank and IMF?

A$1 billion
B$7 billion
C$70 billion
D$700 million
Answer & Solution
Correct answer: B. $7 billion
1. No lender was willing to lend. 2. India turned to the IBRD and IMF. 3. The loan was $7 billion. _Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._
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