alleryIn 1991 India approached which body for funds during its balance of payment crisis?
AThe International Monetary Fund
BThe World Trade Organisation
CThe Asian Development Bank
DThe United Nations Assembly
Answer & Solution
Correct answer: A. The International Monetary Fund
1. India was under a severe debt trap.
2. Funds came with conditions for structural change.
3. The body was the International Monetary Fund.
_Source: syllabus Business Studies, Chapter 11, International Business._
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