International Monetary Fund

After World War II International Monetary Fund is the second International Organisation.

International Monetary Fund is a financial institution.

IMF

Headquarter:  Washington DC

Managing Director: Kristalina Georgieva

Member:  190 member

Official language: English

Parent organization: United Nations

After the Great Depression of 1930, the International Monetary Fund was established in 1944.

France was the first country to borrow from IMF.

Purpose: International Monetary Fund do three main functions follow -

 *Surveillance

*Financial assistance

*Technical assistance

History: The International Monetary Fund officially came into existence in 1945 with 29 member countries.

The IMF was created in 1944 at the Bretton Woods conference to rebuild Europe after World War II.

Parliament of India

The Parliament of India is the highest legislative body of the Republic of India. It is a bicameral legislature composed of the President of India and the two Houses: the Rajya Sabha and the Lok Sabha.

Parliament of India, Founded-26th Nov 1950, New Delhi

The total number of seats in Parliament is 788 including 245 Rajya Sabha (Upper House) and 543 Lok Sabha(Lower House). Article 79 to 122 in Part V of the constitution deal with the Parliament.

Though the President is not a member of either of the House, he is an integral part of it. This is because despite a Bill passed by both house can not become a law without the assent of the President.