Question

How much did the IMF and IBRD lend the Indian Government during the crisis?

• A. Rs. 7 billion
• B. $ 7 billion
• C. Rs. 6 billion
• D. $ 6 billion

Answer 1

The correct option is B $ 7 billion

India approached the International Bank for Reconstruction and Development (IBRD), popularly known as World Bank and the International Monetary Fund (IMF), and received $7 billion as loan to manage the crisis during 1991.