BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Article 14 countries
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Article 17 countries
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Article 16 countries
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Article 18 countries
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Detailed explanation-1: -IMF funds come from two major sources: quotas and loans. Quotas, which are pooled funds of member nations, generate most IMF funds. The size of a member’s quota depends on its economic and financial importance in the world.
Detailed explanation-2: -The Board of Governors is the IMF’s highest decision-making body. It consists of one governor and one alternate governor for each member country.
Detailed explanation-3: -Article I: Purposes (ii) To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.
Detailed explanation-4: -The country classification in the Fiscal Monitor divides the world into three major groups: 40 advanced economies, 97 emerging market and middle-income economies, and 59 low-income developing countries. Country groupings have been revised to broaden country coverage.