2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Its full name is “International Monetary Fund”.
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It was established on December 27, 1945.
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Its headquarters is located at Washington DC.
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All three above are true.
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Detailed explanation-1: -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.
Detailed explanation-2: -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: -IMF stands for International Monetary Fund. 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-4: -To promote international monetary cooperation is not an objective of IMF.