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Bretton woods twins mean the organisations i.e.The International Monetary Fund (IMF) set
up along with the World Bank after the Second World War to assist in the reconstruction of
war-ravaged countries. Leaders felt that financial stability was best achieved when
countries worked in an environment of interdependence.
The two organisations were agreed to be set up at a conference in Bretton Woods in the US.
Hence,they are known as the Bretton Woods twins.The Bretton Woods Conference, formally
known as the United Nations Monetary and Financial Conference,was the gathering of 730
delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton
Woods, New Hampshire, United States, to regulate the international monetary and financial
order after the conclusion of World War II.The conference was held from the 1st to 22nd of
July, 1944. Agreements were executed that later established the International Bank for
Reconstruction and Development (IBRD, which is part of today's (World Bank Group) and
the International Monetary Fund (IMF)
INTERNATIONAL MONETARY FUND
The Indian government, faced with a balance of payments crisis in 1991, took a loan and
agreed to the reforms process. The liberalisation in the economy was partly a concomitant
of that need.
The IMF report is part of its mandate under Article IV of its constitution. The fund holds
consultations with finance ministries and central banks of each member countries annually
for its spring meeting in Washington.
The decision of the IMF to intervene in any country is based on the governing board's
decision. The voting rights are determined historically by the economic strength of the
countries. India, because of its rapidly growing economic clout, has demanded a re-drawing
of the voting rights, but that did not happen at the recent Singapore meeting.Instead, the
fund gave ad hoc voting right increase to China, South Korea, Turkey and Mexico. It has
promised a long-term revision in another two years.
WORLD BANK GROUP
World Bank group provides loans to developing countries for capital programs. The World
Bank is a component of the World Bank Group, and a member of the United Nations
Development Group.
The World Bank's official goal is the reduction of poverty. According to its Articles of
Agreement, all its decisions must be guided by a commitment to the promotion of foreign
investment and international trade and to the facilitation of capital investment.
this, or 30% of total lending, will go to low-income or special category states, up from 18%
of lending under the previous strategy.
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Rajasekaran
16 hours ago
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Good one..true and in exams also no one can predict our chances its totally depends on our
hardwork...good luck all for interviews..
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me myself :P
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true :)
true :)
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yes !!!!
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Shakher Kohli
16 hours ago
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has he asked u?
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haahaa
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Durgesh
17 hours ago
Max. amount an ATM is allowed is 12,00,000/Disclaimer: My friend works for a firm that installs and operates ATM's on behalf of banks in
India. I believe these figures are true.
A typical ATM has 5 cassettes in it.
Each cassette holds 22 packets of notes.
Each packet has 100 notes in it.
Typically, In India,
ATM's are loaded with 100's, 500's and 1000's in various combinations.
But, each cassette contains same denomination of notes.
So, An ATM machines can hold a maximum of 1000*100*22*4 = 88,00,000 rupees.
Max. amount a typical ATM can hold is 88,00,000/But, As per RBI guidelines, An ATM cannot hold more than 12,00,000/So, At any given time in India, If you plan to loot
seeone
moreATM machine your maximum gain would be
12 Lakh Indian Rupees and few cops on your ass.
34
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Shakher Kohli
17 hours ago
#INTERVEIW TOPIC
Reasons behind splitting of CMD post...............
The central bank RBI said CMDs often dominate the board during their tenure.
SO therefore it also recommended that the post of CMDs be
separated to empower the board..TO TAKE fairly and fast decisions.
also govt want minimu goverment maximum governence.
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i read in a news paper that chairman and managing director are two different roles to play and
itz very difficult for a person to be both in some situations so they will sacrifice certain
responsibilities if itz the same person doing both the jobs so for better progress govt in taking
that step as suggested by governor of rbi
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16 hours ago
bhai interview kab hai ibpspo ka ?......or tyari kaise kar rahe ho ....are you taking help from any
coaching institute or doing it on your own.
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21 JAN
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Ge bro :)
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GD EV
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WHAT'S THIS?
inflationComfort inflationWalking
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