Out of the following, which are the important objectives of IMF ? (i) To promote exchange rate…
Under Article I of the IMF Articles of Agreement, the core objectives of the International Monetary Fund include (i) promoting exchange rate stability, (ii) creating standby…
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Out of the following, which are the important objectives of IMF ?
(i) To promote exchange rate stability
(ii) To create standby reserves
(iii) To print International currency notes
(iv) To establish a multilateral system of payments.
(v) To maintain orderly exchange rate stability
(vi) To create employment
Answer and explanation
Correct answer C
Under Article I of the IMF Articles of Agreement, the core objectives of the International Monetary Fund include (i) promoting exchange rate stability, (ii) creating standby reserves/SDR liquidity for balance-of-payments support, (iv) establishing a multilateral system of payments, and (v) maintaining orderly exchange arrangements, whereas the IMF does not print currency notes. Thus, '(i), (ii), (iv), (v)' is correct.
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