GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is NOT correct?
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Both the IMF & IBRD have headquarters in Washington
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Both IMF & World Bank are the known as the Bretton Woods twins.
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IBRD is known as World Bank also
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India’s vote share in the International Monetary Fund is 10%
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Explanation:
Detailed explanation-1: -To promote international monetary cooperation is not an objective of IMF.
Detailed explanation-2: -Voting Majorities Under the IMF’s Articles of Agreement, most Executive Board decisions are made by a majority of the votes cast. However, a number of decisions require special majorities of 70 percent or 85 percent of the total voting power.
There is 1 question to complete.