In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.
Assertion: The International Monetary Fund (IMF) is an international organisation that oversees those financial institutions and regulations that act at the international level.
Reason: The IMF has 184 member countries, and every member enjoys an equal say.
Answer & explanation
Correct answer: option 3
The International Monetary Fund (IMF) is an international organisation that oversees those 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.