Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: International Organisations

Question:

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.

Options:

Both the Assertion and the Reason are correct and the Reason is the correct explanation of the Assertion.

Both the Assertion and the Reason are correct but the Reason is not the correct explanation of the Assertion.

The Assertion is correct but the Reason is incorrect.

The Assertion is incorrect but the Reason is correct.

Correct Answer:

The Assertion is correct but the Reason is incorrect.

Explanation:

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.