The Bretton Woods Conference of 1944 established which two major international institutions?
A
UNCTAD and UNDP
B
WTO and World Bank
C
IMF and World Bank
D
IMF and WTO
Correct Answer: Option C — IMF and World Bank
Explanation:
The Bretton Woods Conference held in New Hampshire USA in 1944 established the International Monetary Fund and the International Bank for Reconstruction and Development now known as the World Bank. These institutions were created to stabilize the global economy manage exchange rates and facilitate post-war reconstruction.