The International Monetary Fund (IMF) is a major financial agency of the United Nations. Identify the…
Statements II, III and IV are correct. The IMF is headquartered in Washington, D.C., and its Articles entered into force in 1945 when 29 governments had signed them. Its…
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The International Monetary Fund (IMF) is a major financial agency of the United Nations. Identify the correct statements about IMF as of April 2025;
(I) IMF consists of 119 countries and a European Union
(II) IMF is an international financial institution, headquartered in Washington, D.C.
(III) IMF came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system.
(IV) The IMF is regarded as the global lender of last resort.
Answer and explanation
Correct answer B
Statements II, III and IV are correct. The IMF is headquartered in Washington, D.C., and its Articles entered into force in 1945 when 29 governments had signed them. Its lending supports countries facing external financing difficulties; the European Union is not itself an IMF member.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)