Q. “Financial Transactions Plan (FTP)” is often seen in news is related to?


[B] World Bank



Answer: A

Explanation: India has been borrowing from the IMF due to critical balance of payment (BoP) situations—once between 1981–84 (SDR 3.9 billion) and next during 1991 (SDR 3.56 billion).

All the loans taken from the IMF have been repaid. India is now a contributor to the IMF as it participates in the Financial Transactions Plan (FTP) of the IMF since September 2002—at this time India was in strong balance of payment situation and in a comfortable forex reserves position.

Source: Ramesh Singh