The International Monetary Fund (IMF) is an international organisatio…

The correct answer is Option (4) → Oversees financial institutions and regulations that act at the international level.

Option (1) Was created in 1955 as the successor to the GATT — Incorrect. This describes another body, the World Trade Organisation (WTO), which sets the rules for global trade. It was set up in 1995 as the successor to the General Agreement on Trade and Tariffs (GATT); the option also changes the year.

Option (2) Provides loans and grants to the multinational corporations and human rights organisations. — Incorrect. Loans and grants are the work of the World Bank, and it gives them to its member-countries, for human development, agriculture, infrastructure and governance. Neither the IMF nor the World Bank lends to companies or human rights groups.

Option (3) Promotes the peaceful use of nuclear energy. — Incorrect. This is the work of the International Atomic Energy Agency (IAEA), set up in 1957, which seeks to promote the peaceful use of nuclear energy and to prevent its military use.

Option (4) Oversees financial institutions and regulations that act at the international level. — Correct. The IMF is an international organisation that oversees those financial institutions and regulations that act at the international level.