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With reference to the International Monetary and Finance Committee (IMFC), which of the following statements is/are correct?


1. It is an advisory body under the ambit of the International Monetary Fund (IMF).

2. It meets twice a year, during the Spring and Annual Meetings.


Select the correct answer using the code given below:

  • a)
    1 only

  • b)
    Both 1 and 2 

  • c)
    2 only

  • d)
    Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
With reference to the International Monetary and Finance Committee (IM...
Statement 1 is correct: The International Monetary and Finance Committee (IMFC) is an advisory body without decision-making powers but helps in providing strategic direction to the International Monetary Fund (IMF). It also considers proposals by the Executive Board to amend the Articles of Agreement and advises on any other matters that may be referred to it by the Board of Governors.
Statement 2 is correct: The IMFC usually meets twice a year, at the Bank-Fund Annual and Spring Meetings.
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With reference to the International Monetary and Finance Committee (IMFC), which of the following statements is/are correct?1. It is an advisory body under the ambit of the International Monetary Fund (IMF).2. It meets twice a year, during the Spring and Annual Meetings.Select the correct answer using the code given below:a)1 onlyb)Both 1 and 2c)2 onlyd)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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