ECONOMICS
ECONOMIC INSTITUTIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Every member country of the IMF automatically becomes the member of the World Bank
|
|
|
The World Bank has 45 founder members
|
|
|
India is not the founding member of the World Bank
|
|
|
IMF is the part of World Bank group
|
Detailed explanation-1: -Explanation: Every member country of the IMF automatically becomes a member of the World Bank. In the same way, any member country which quits the IMF is automatically expelled from the membership of the World Bank. 3.
Detailed explanation-2: -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-3: -Answer and Explanation: The correct answer is a) The World Bank has always taken leadership in protecting the environment.
Detailed explanation-4: -Their approaches to achieving this shared goal are complementary: the IMF focuses on macroeconomic and financial stability while the World Bank concentrates on long-term economic development and poverty reduction.
Detailed explanation-5: -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.