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    Question

    Which of the following statements about the International

    Monetary Fund (IMF) is/are correct?1. The IMF is an international financial institution funded by 190 member countries.2. The World Economic Outlook is a survey published four times a year by the IMF.
    A Statement 1 only Correct Answer Incorrect Answer
    B Statement 2 only Correct Answer Incorrect Answer
    C Both statements 1 and 2 Correct Answer Incorrect Answer
    D Neither statement 1 nor 2 Correct Answer Incorrect Answer

    Solution

    The International Monetary Fund (IMF) is indeed a major financial agency of the United Nations and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C., USA. It was established in 1945. However, the World Economic Outlook is published twice a year, not four times, making the second statement incorrect.

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