UPSC General Studies Sample Paper General Studies Sample Paper-1

  • question_answer
    Which of the following is not a function of the International Monetary Fund (IMF)?

    A)  To promote exchange rate stability

    B)  To assist in the elimination of foreign exchange restrictions

    C)  To provide loans to member nations to boost their export competitiveness

    D)  To assist member nations by temporarily providing financial resources to correct Balance of Payments (BoP) Crisis

    Correct Answer: C

    Solution :

    [c] For giving assistance to nations to boost. Exports, loans from any regional development bank can be taken like the Asia development bank. The IMF does not provide such a service. The World Bank can provide a loan, but the conditions attached with the loan do not qualify for the case [c] in the question. It is for general development work.

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