The agreed to loan funds to India to help with recovery from the 1991 BOP crisis.

Bank of England

No worries! We‘ve got your back. Try BYJU‘S free classes today!

World Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

IMF

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

American Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C IMF
The International Monetary Fund (IMF) agreed to act as a "Lender of Last Resort".

Suggest Corrections

Similar questions

Who agreed to loan funds to help India recover from its BOP Crisis?

Which institution agreed to lend money to India to cope with the BOP crisis?

Dummy (to be removed) Which of the following incidents triggered the BOP crisis in 1991?

Which of the following incidents triggered the BOP crisis in 1991?

Q21. The Balance of payment (BOP) crisis of India in 1991 was due to

i) Breakup of the soviet – Block

ii) Iraq – Kuwait war

Choose the correct answer

Join BYJU'S Learning Program