MEDIUM
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Consider the following statements:
1. International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945.
2. IMF grants loans to member countries and other developing countries.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)1 and 2
(d)None

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