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India became a founding member of which international financial institution in 1944?
Question

India became a founding member of which international financial institution in 1944?

A.

BRICS Bank

B.

Asian Development Bank

C.

World Trade Organization

D.

International Monetary Fund

Correct option is D

India became a founding member of the d). International Monetary Fund (IMF) in 1944.

While India was still under British rule at the time, it was one of the 44 nations that participated in the United Nations Monetary and Financial Conference, popularly known as the Bretton Woods Conference, held in July 1944.

Detailed Context: The Bretton Woods Twins
The conference resulted in the creation of two sister institutions, often called the "Bretton Woods Twins":

The International Monetary Fund (IMF): Focused on global monetary cooperation and financial stability.

The International Bank for Reconstruction and Development (IBRD): Now the primary arm of the World Bank, focused on post-war reconstruction and long-term development.

India is an original signatory to the Articles of Agreement for both institutions. These agreements were drafted in 1944, and the IMF formally came into existence in December 1945 when the required number of nations ratified the treaty.

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