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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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