Question

64. Regarding the International Monetary Fund, which one of the following statements is correct ?

• A. (a) It can grant loans to any country
• B. (b) It can grant loans to only developed countries
• C. (c) It grants loans to only member countries
• D. (d) It can grant loans to the central bank of a country

Answer 1

The correct option is C

(c) It grants loans to only member countries

(C)
IMF is an Inter-Governmental organization that overseas the global financing system by following macro-economic policies of its member countries (187), in particular those with an impact on exchange rate mechanism and balance of payment.