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    Question

    Organization conditionalities were followed in

    executing the 1991 LPG Reforms in India
    A World bank Correct Answer Incorrect Answer
    B IMF Correct Answer Incorrect Answer
    C IBRD Correct Answer Incorrect Answer
    D Both a and c Correct Answer Incorrect Answer
    E Both b and c Correct Answer Incorrect Answer

    Solution

    IMF functions as a regulatory body and as per the rules of the Articles of Agreement, it also focuses on administering a code of conduct for exchange rate policies and restrictions on payments for current account transactions.

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