Question

When was I.M.F. formed?

• A. 1940
• B. 1942
• C. 1943
• D. 1944

Hint:

The IMF was established to promote global economic stability and cooperation.

Answer 1

The Correct Option is D

Step 1: Background of IMF
The International Monetary Fund (IMF) was formed in 1944 during the Bretton Woods Conference, held in Bretton Woods, New Hampshire, USA. The primary goal was to ensure international monetary cooperation and facilitate international trade.

Step 2: Purpose of IMF
The IMF was created to stabilize exchange rates, provide resources to member countries in need, and promote economic growth by fostering international monetary cooperation.

Step 3: Other options explanation
- (A) 1940: The IMF was not formed in this year.
- (B) 1942: The IMF was not formed in this year either.
- (C) 1943: While there were discussions leading up to the formation of the IMF in 1943, it was officially formed in 1944.

Step 4: Conclusion
Thus, the correct answer is: \[ \boxed{\text{1944}} \]