gs1medium

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:

  1. 1.IMFC discusses matters of concern affecting the global economy and advises the International Monetary Fund (IMF) on the direction of its work.
  2. 2.The World Bank participates as an observer in IMFC’s meetings. Which of the statements given above is/are correct?
  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
▶ Answer & Explanation

Correct answer: C. Both 1 and 2

The International Monetary and Financial Committee (IMFC) is the primary advisory committee of the International Monetary Fund (IMF). It deliberates on critical global economic issues and guides the IMF's policies. The World Bank, along with other international financial institutions, sends representatives to observe the IMFC's proceedings, contributing to the comprehensive discussion of global economic matters.

Source: UPSC gs1 2016

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