📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      With reference to the IMF, consider the following

      statements:         I.            The IMF is an international organization that promotes global economic growth and financial stability.       II.            It was set up in 1945 out of the Paris Treaty conference.     III.            It evolved to be a lender of last resort to governments of countries that had to deal with severe currency crises. Which of the statements given above is/are not correct?
      A I and II both Correct Answer Incorrect Answer
      B I only Correct Answer Incorrect Answer
      C I and III only Correct Answer Incorrect Answer
      D II only Correct Answer Incorrect Answer
      E III only Correct Answer Incorrect Answer

      Solution

      The IMF is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty. It was set up in 1945 out of the Bretton Woods conference. Originally, the primary goal of IMF was to bring about international economic coordination to prevent competing currency devaluation by countries trying to promote their own exports. Eventually, it evolved to be a lender of last resort to governments of countries that had to deal with severe currency crises.

      Practice Next
      More Beepedia Questions

      Relevant for Exams:

      ask-question