As per the news published in the newspapers, the International Monetary Fund (IMF) praised Indias, performance on its economic front. Which of the following is not true in this respect?begin{enumerate}item IMF favoured the cuts in fuel subsidies as part of expenditure measures to create space for spending on priority sectors.item IMF was not in favour of huge foreign fund flow to India as it has created an imbalance at regional level.item IMF wants some more structural reforms to be implemented quickly.end{enumerate} Select the correct answer using the codes given below

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the news published in the newspapers, the International Monetary Fund (IMF) praised India’s, performance on its economic front. Which of the following is not true in this respect?

A	Only 1
B	Only 2
C	Only 3
D	1 and 3

Explanation:

Detailed explanation-1: -The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being.

Detailed explanation-2: -It is true that on becoming its member, countries get finance as temporary balance-of-payment needs. IMF works to ensure global market cooperation and financial stability of the global economyy.

Detailed explanation-3: -3. Which of the following statement is NOT correct regarding the membership of the IMF? Explanation: All member countries of the IMF are not sovereign states therefore all “member countries” of the IMF are not members of the United Nations. 4.

Detailed explanation-4: -Some studies find that IMF loan arrangements contribute to increased poverty. Pastor (1987) and Vreeland (2002), for example, show that participation in IMF programmes worsens income distributions, especially for the poor and the labour class, which can increase rates of poverty.

There is 1 question to complete.