Multiple Choice Questions on With regard to the IMF consider the following statements 1 Reserve assets of IMF are known as Specia........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With regard to the IMF consider the following statements 1 Reserve assets of IMF are known as Specia...........

Economic Affairs World Bank and IMF
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    With regard to the IMF, consider the following statements:

    1.Reserve assets of IMF are known as Special Drawing Rights.

    2.To tackle current account deficit IMF suggests the use of strict regime of exchange rate system.

    3.Developing countries hold less than half the overall quota in IMF.

    How many of the statements given above are correct?

    Only One

    Incorrect Answer

    Only Two

    Correct Answer

    All Three

    Incorrect Answer

    None

    Incorrect Answer
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    Explanation:

    Two of the statements about the IMF are correct.

    Correct: Reserve assets of the IMF are known as Special Drawing Rights (SDRs).

    Incorrect: The IMF's recommendations on exchange rate systems to tackle current account deficits vary depending on the specific circumstances of each country.

    Correct: Developing countries hold less than half of the overall quota in the IMF

     

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