Question

IMF and World Bank could not help all the nations. Select the relevant option from the following:

• A. It helped countries that did not participate in World War II.
• B. It helped the industrial countries majorly.
• C. It helped nations that attended the conference in 1944.
• D. It helped countries that were under the colonial rule of France.

Answer 1

The correct option is B It helped the industrial countries majorly.

IMF and World Bank were built to cater to the financial needs of industrial countries. But when it came to helping underdeveloped nations, both these organisations proved to be ill-equipped to deal with the challenges of impoverished and underdeveloped former colonies