Practicing Success
Which of the following statements is correct about the International Monetary Fund? Choose the correct answer from the given options: |
A and B B and C C and D B and D |
A and B |
The correct answer is Option 1 - A and B The correct statements are: A) It is an international organisation that oversees those financial institutions and regulations that act at the international level. Correction in the incorrect statement: C) All the members of the International Monetary Fund DO NOT have an equal say. The International Monetary Fund (IMF) is an international organisation that oversees financial institutions and regulations that act at the international level. The IMF has 190 member countries (as on 19 Febuary 2024) but they do not enjoy an equal say. The G-7 members US (16.52%), Japan (6.15%), Germany (5.32%), France (4.03%), UK (4.03%), Italy (3.02%) and Canada (2.22%) have 41.29% of the votes. China (6.09%), India (2.64%), Russia (2.59%) Brazil (2.22%) and Saudi Arabia (2.02%) are the other major members. |