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With reference to the International Monetary Fund (IMF), consider the following statements:
1. It is founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity 
2. It is not a specialized agency of United Nations (UN)
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the International Monetary Fund (IMF), consider the ...
The International Monetary Fund (IMF) has put on hold funds to Afghanistan amid the rising uncertainty in the country.
  • These developments came after IMF recently announced a 650 billion US Dollars Special Drawing Rights (SDR) allocation for member countries, but Afghanistan at the moment will not be allowed to access these funds.
  • Moreover, the International Monetary Fund and World Bank have also stopped loans and the Financial Action Task Force warned its 39 member nations to block Taliban assets.
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).
Hence only statement 1 is correct.
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With reference to the International Monetary Fund (IMF), consider the following statements:1. It is founded at theBretton Woods Conferencein 1944 to secure internationalmonetarycooperation, to stabilizecurrencyexchange rates, and to expand international liquidity2. It is not a specialized agency of United Nations(UN)Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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