GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IMF & International Bank for Reconstruction and Development (IBRD)
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IMF & World Trade Organisation
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IBRD & World Trade Organisation
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None of the above
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Detailed explanation-1: -The Bretton Woods twins refers to the two multilateral organizations created at the Bretton Woods Conference in 1944. Both twin organizations functioned to enact and maintain the Bretton Woods system of proscribed international currency exchange rates. They are the World Bank and the International Monetary Fund.
Detailed explanation-2: -Solution. The World Bank and the International Monetary Fund (IMF) are referred to as the Bretton Woods Twins. The International Bank for Reconstruction and Development (IBRD) and International Development Agency (IDA) together often referred as the World Bank.
Detailed explanation-3: -Which of the followings are called Brettonwoods Twins? Explanation: IMF & IBRD was founded altogether in 1946 in the US. This is why they are called Brettonwoods Twins.