BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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give financial investment loans to devoloping countries
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act as a private sector lending arm of the World Bank
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help of solve balance of payment problems of member countries
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arrange international deposits from banks
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Detailed explanation-1: -The IMF provides short-and medium-term loans to help countries that are experiencing balance of payments problems and difficulty meeting international payment obligations. IMF loans are funded mainly by quota contributions from its members.
Detailed explanation-2: -WHAT DOES THE IMF DO? The IMF has three critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity.
Detailed explanation-3: -The IMF monitors the international monetary system and global economic developments to identify risks and recommend policies for growth and financial stability. The Fund also undertakes a regular health check of the economic and financial policies of its 190 member countries.
Detailed explanation-4: -The IMF’s primary objective is the overall promotion of world trade. The IMF meets its primary objective by overseeing the balance of payments, acting as a forum of world negotiation, and regulating world exchange rates.
Detailed explanation-5: -International Monetary Fund is an Organization of 190 countries. It is working to secure financial stability, facilitate international trade, promote high employment and economic growth and reduce poverty around the world.