Question

34. Recently Union Cabinet approved MoU for setting up SARTTAC by IMF, Which of the following statements are incorrect

• A. a) The SARTTAC will be a collaborative venture between the IMF and the member countries.
• B. b) It will help in capacity building of Government officials including state level in macro, fiscal, monetary policies by the IMF and greater coordination between the six member countries of South Asia.
• C. c) Capacity development by the IMF will bring in the best practices from across the globe, as well as the South Asian region resulting in innovative solutions to fiscal, monetary and financial issues.
• D. d) None of the above.

Answer 1

The correct option is D d) None of the above.

Ans 34 D

Explanation: SARTTAC is a collaborative venture between the IMF and the member countries (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka) , and development partners.
The centre aims at helping its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty in a rapidly growing region that is home to one fifth of the world’s population.
SARTTAC will allow the IMF to meet more of the high demand for technical assistance and training from the region.