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Which of the following are the main functions of the International Monetary Fund?
1. Purchasing short term foreign currency liabilities of the member Nations
2. Exchange rate regulation
3. Deciding the fiscal policy of a country
Which of these statements is/are correct?
  • a)
    1 and 2 Only
  • b)
    2 and 3 Only
  • c)
    1 and 3 Only
  • d)
    All of them
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following are the main functions of the International Mo...
  • The International Monetary Fund (IMF) came up in 1944,
  • The main functions of the IMF are as given below:
  • (i) to facilitate international monetary cooperation;
  • (ii) to promote exchange rate stability and orderly exchange arrangements;
  • (iii) to assist in the establishment of a multilateral system of payments and the elimination of foreign exchange restrictions, and to assist member countries by temporarily providing financial resources
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Which of the following are the main functions of the International Monetary Fund? 1. Purchasing short term foreign currency liabilities of the member Nations2. Exchange rate regulation3. Deciding the fiscal policy of a countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. Can you explain this answer?
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