Question

Where was the International Monetary Fund (IMF) established?

• A. France
• B. Italy
• C. United States of America
• D. Britain

Hint:

The International Monetary Fund (IMF) was created at the Bretton Woods Conference in the United States in 1944 to stabilize global economies.

Answer 1

The Correct Option is C

Step 1: Understanding the International Monetary Fund (IMF)
The International Monetary Fund (IMF) is an international financial institution that was established to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, and reduce poverty around the world. It provides resources and advice to countries facing balance of payment problems.

Step 2: Establishment of the IMF
The IMF was established in 1944 during the Bretton Woods Conference held in Bretton Woods, New Hampshire, USA. The main purpose was to create an institution that would help stabilize the global economy, especially after the Great Depression.

Step 3: Why the other options are incorrect
- (A) France: Although France is an important member of the IMF, it was not the country where the IMF was established. - (B) Italy: Italy is not where the IMF was created, though it is a member country. - (D) Britain: Similarly, while Britain plays a vital role in the IMF, it is not the country of origin for the organization.
Thus, the correct answer is option (C) United States of America.