UPSC Exam > UPSC Questions > Consider the following statements with refere...
Start Learning for Free
Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):
1. United States has the maximum voting share followed by United Kingdom.
2. India occupies the fourth position with a voting share of above 5%.
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 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements with reference to the voting shares ...
Explanation:
Statement 1: United States has the maximum voting share followed by United Kingdom.
This statement is incorrect. The United States does have the largest voting share among the member countries of the International Monetary Fund (IMF), but the United Kingdom does not have the second-largest voting share. Instead, Japan has the second-largest voting share after the United States. The United Kingdom holds the third-largest voting share.
Statement 2: India occupies the fourth position with a voting share of above 5%.
This statement is also incorrect. While India has been working towards increasing its voting share in international financial institutions like the IMF, it does not currently occupy the fourth position. As of now, India holds the eighth-largest voting share in the IMF, with a voting share of around 2.6%. The top positions in terms of voting shares are held by the United States, Japan, China, Germany, France, the United Kingdom, and Italy.
Therefore, neither statement 1 nor statement 2 is correct.
Conclusion:
Neither statement 1 nor statement 2 is correct. The correct answer is option D, "Neither 1 nor 2."
Statement 1: United States has the maximum voting share followed by United Kingdom.
This statement is incorrect. The United States does have the largest voting share among the member countries of the International Monetary Fund (IMF), but the United Kingdom does not have the second-largest voting share. Instead, Japan has the second-largest voting share after the United States. The United Kingdom holds the third-largest voting share.
Statement 2: India occupies the fourth position with a voting share of above 5%.
This statement is also incorrect. While India has been working towards increasing its voting share in international financial institutions like the IMF, it does not currently occupy the fourth position. As of now, India holds the eighth-largest voting share in the IMF, with a voting share of around 2.6%. The top positions in terms of voting shares are held by the United States, Japan, China, Germany, France, the United Kingdom, and Italy.
Therefore, neither statement 1 nor statement 2 is correct.
Conclusion:
Neither statement 1 nor statement 2 is correct. The correct answer is option D, "Neither 1 nor 2."
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer?
Question Description
Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer?.
Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer?.
Solutions for Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer?, a detailed solution for Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements with reference to the voting shares in International Monetary Fund (IMF):1. United States has the maximum voting share followed by United Kingdom.2. India occupies the fourth position with a voting share of above 5%.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 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup