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Which of the following statements is correct regarding the IMF ?
It is not an agency of the UNO
It provides interest free loans to countries
It provides loans only to member nations
It is not the agency which creates Special Drawing Rights
1st statement is incorrect because it is an agency of UNO. 2nd and 3rd statements are incorrect. if 3rd statement is correct, 2nd will be incorrect. 4th is also incorrect because it creates special drawing rights which are part of India's forex reserve.
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