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Consider the following statements and identify the right ones.
i. The executive board is the highest decision making body of IMF
ii. The Board of Governors meets twice a year.
i. The executive board is the highest decision making body of IMF
ii. The Board of Governors meets twice a year.
- a)I only
- b)ii only
- c)both
- d)none
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements and identify the right ones.i. The e...
The Board of Governors is the highest decision making body of IMF. The Board of Governors meets once a year.
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Consider the following statements and identify the right ones.i. The e...
Statement i: The executive board is the highest decision-making body of IMF.
Statement ii: The Board of Governors meets twice a year.
The correct answer is option D, none.
Explanation:
Statement i: The executive board is not the highest decision-making body of IMF. The highest decision-making body of IMF is the Board of Governors, consisting of representatives from all member countries. The executive board is responsible for the day-to-day operations and decisions of the IMF, but it does not have the final authority on major policy decisions.
Statement ii: The Board of Governors does meet twice a year. The Board of Governors holds an annual meeting, which is usually held in September or October, where major policy decisions are made. Additionally, there is a Spring Meetings event, which is also attended by the Board of Governors. During these meetings, representatives from member countries discuss global economic issues, review IMF policies, and make decisions on various matters.
Therefore, both statements i and ii are incorrect.
In conclusion, the correct answer is option D, none.
Statement ii: The Board of Governors meets twice a year.
The correct answer is option D, none.
Explanation:
Statement i: The executive board is not the highest decision-making body of IMF. The highest decision-making body of IMF is the Board of Governors, consisting of representatives from all member countries. The executive board is responsible for the day-to-day operations and decisions of the IMF, but it does not have the final authority on major policy decisions.
Statement ii: The Board of Governors does meet twice a year. The Board of Governors holds an annual meeting, which is usually held in September or October, where major policy decisions are made. Additionally, there is a Spring Meetings event, which is also attended by the Board of Governors. During these meetings, representatives from member countries discuss global economic issues, review IMF policies, and make decisions on various matters.
Therefore, both statements i and ii are incorrect.
In conclusion, the correct answer is option D, none.
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Consider the following statements and identify the right ones.i. The executive board is the highest decision making body of IMFii. The Board of Governors meets twice a year.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'D'. Can you explain this answer?
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