SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statement is NOT correct about the quota at the IMF?
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Voting power in the IMF is based on a quota system
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USA has highest quota in the IMF
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Germany has third highest quota in the IMF
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Indian quota in the IMF stands at 2.79% of the total quotal quota
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Explanation:
Detailed explanation-1: -The correct answer is It provides loans only to member countries.
Detailed explanation-2: -To promote international monetary cooperation is not an objective of IMF.
There is 1 question to complete.