| 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. |
| 2. The World Bank participates as observer in (MFC) meetings. |
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: C
Solution :
(i) The IMFC advises and reports to the IMF Board of Governors on the supervision and management of the International Monetary and Financial System It also considers proposals by the Executive Board to amend the Articles of Agreement and advise? on any other matters that may be referred to it by the Board of Governors. A number of international institutions, including the World Bank, participial as observers in the IMFC?s meetings. (ii) Both statements are right as per the of official IMF page: April 5, 2016. Ref:http://www.imf.org/external/np/exr/faci! groups.htm#IC
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