Question

Main objectives for setting up of IMF is/are:
(i) To eliminate or reduce of existing exchange control.
(ii) To establish and maintain currency convertibility with stable exchange rate.
(iii) To solve the short term balance of payment problem faced by the country.
(v) To extent the multilateral trade and payment.

• A. (i) and (ii)
• B. (ii) and (iii)
• C. (i), (iii) and (iv)
• D. (i), (ii), (iii) & (iv)

Answer 1

The correct option is D (i), (ii), (iii) & (iv)

IMF stands for International Monetary Fund. It mainly functions to ensure financial stability and global monetary cooperation. Main objectives for setting up of IMF are:
(i) To eliminate or reduce of existing exchange control.
(ii) To establish and maintain currency convertibility with stable exchange rate.
(iii) To solve the short term balance of payment problem faced by the country.
(iv) To extent the multilateral trade and payment.