Question: Which institutions were known as ‘Bretton Woods twins’?
Answer: International Monetary Fund (IMF) and World Bank.
Explanation: IMF and World Bank were set up after the Second World War to assist the countries in financial matters. These 2 institutions are together called the Bretton Wood twins or Bretton Woods Institutions. IMF overlooked the economic conditions of the member countries and offered financial advice. World Banks offered loans to such countries for the development of their economic and social infrastructures.
More Question
- 'The plantation workers in Assam had their own understanding of Mahatma Gandhi and the nation of Swaraj.' Support the statements with arguments
- How did the salt march become an effective tool of resistance against British colonial power?
- Explain the reaction of the business class towards the Civil Disobedience Movements
- Examine any four cultural processes through which Indian nationalism captured people’s imagination
- Why did the Muslim community not join the struggle during the Civil Disobedience Movements? Give reasons
- ‘A Satyagraha wins the battle through non-violence. Explain with examples
- Describe the various problem in unifying people in India by the end of the 19th century
- Why was Non-Cooperation a Powerful method of resistance?
- When and where did Mahatma Gandhi successfully organise Satyagraha Movements just after arriving in India?
- What is the meaning of the term ‘boycott’ in respect of national movement?
- What was the result of the Poona Pact of September 1932?
- Why did General Dyer open fire on the peaceful gathering at Jallianwala Bagh on 13th April 1919?
- During the period of Non-Cooperation Movements, who claimed to have a special power, could heal people and survive bullet shots?