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      Question

      Which of the following statement/s is/are True?

      I- The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. II- It has 191 members as of now. III- To facilitate a balanced international trade is one of the objectives of IMF.
      A Only I Correct Answer Incorrect Answer
      B Only II Correct Answer Incorrect Answer
      C I & II Correct Answer Incorrect Answer
      D I & III Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      Solution- The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 191 member countries.┬аThe Principality of Liechtenstein became the 191st member of the International Monetary Fund (IMF) on October 21, 2024. The main objectives of the International Monetary Fund (IMF) are mentioned below: To improve and promote global monetary cooperation of the world. To secure financial stability by eliminating or minimizing the exchange rate stability. To facilitate a balanced international trade. To promote high employment through economic assistance and sustainable economic growth. To reduce poverty around the world.

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