2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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Pakistan
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Sri Lanka
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Bangladesh
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Detailed explanation-1: -The objectives of IMF is macro-economic growth, alleviation of poverty and economic stability, policy advice & financing for developing countries, forum for cooperation in monetary system, promotion of exchange rate stability and international payment system.
Detailed explanation-2: -Pakistan has been a member of the International Monetary Fund (IMF) since 1950. Due to the unpredictable nature of its economy and its dependence on imports, the IMF has provided loans to Pakistan on twenty-two occasions, with its most recent being in 2019.
Detailed explanation-3: -The IMF uses the SDR as its unit of account for all transactions. Drawing on the IMF by a country raises the fund’s holdings of that country’s currency but lowers its holdings of another country’s currency by an equal amount.