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Multiple Choice Questions

The IMF is an agency charged with providing ........

Economic and social issues(Phase-I/II) International Funding institutions

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The IMF is an agency charged with providing

technical assistance to stock market and financial market problems.

loans for post-World War II reconstruction.

short-term credit for international balance of payments deficits.

bonds denominated in U.S. dollars as a loan to LDCs.

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Explanation:

The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 190 countries that make up its near-global membership.

The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

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