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Question

Whom did India approach for managing the crisis?

A
IBRD
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B
United Nations
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C
IMF
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D
A and C
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Solution

The correct option is C A and C
In 1991, India met with an economic crisis relating to its external debt. 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.

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