ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following statements about the

    International monetary fund (IMF) is/are incorrect? I.┬а┬а┬а┬а┬а┬а┬а┬а Promotion of exchange rate stability and an international payment system is one of the objectives of the IMF. II.┬а┬а┬а┬а┬а┬а┬а┬а Special Drawing Rights (SDRs) is IMF's currency. III.┬а┬а┬а┬а┬а┬а┬а┬а India is not a founder member of the IMF.
    A I and II only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C II and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: Special Drawing Rights (SDRs) is the IMFтАЩs unit of account and not a currency. The currency value of the SDR is determined by summing the values in U.S.┬а India is a founder member of the IMF.

    Practice Next
    More Economy Questions

    Relevant for Exams:

    ask-question