New RBI Grade B Notification Out - 94 Vacancies - Prepare with Us!

    Register

    Question

    The main function of IMF is -

    A 1) Investment in long term projects in developing countries Correct Answer Incorrect Answer
    B 2) Address balance of payment issues of member countries Correct Answer Incorrect Answer
    C 3) Clearing house for settlement of international payments Correct Answer Incorrect Answer
    D 4) Refinance for development projects Correct Answer Incorrect Answer
    E 5) All of the above Correct Answer Incorrect Answer

    Solution

    IMF has three primary functions to oversee the fixed exchange rate arrangements between countries, thus helping national governments manage their exchange rates and allowing these governments to prioritise economic growth, and to provide short-term capital to aid the balance of payments.

    Practice Next

    Relevant for Exams: