Consider the following statements with respect to the functions of the International Monetary Fund (IMF):
1. The IMF lends to its member countries only.
2. The IMF primarily focuses on the development activities in the member countries.
3. The IMF has a component for poverty eradication in the developing countries.
Which of the statements given above is/are correct?
1 only
1 and 3 only
3 only
1, 2 and 3
• The Indian Monetary Fund (IMF) primarily lends to the member countries towards economic stability. In that, it provides support for the Balance of Payments needs. On the other hand, the World Bank is a development bank.
• The IMF also has a component of concessional loans to help fight poverty in the developing countries.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
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If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India? 1. Not depending on short-term foreign borrowings 2. Opening up to more foreign banks 3. Maintaining full capital account convertibility Select the correct answer using the code given below:
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Out of the following statements, choose the one that brings out the principle underlying the Cabinet form of Government:
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A country is said to have reduced the Poverty Gap Ratio from 2010-11 to 2019-2020. What does it imply?
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