1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XI
Business Studies
Banking Service
Which among t...
Question
Which among the following is a function of the IMF?
A
Acting as short term credit institution
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Promoting orderly adjustment of exchange rate
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Lending institution of foreign currency and current transaction
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
The correct option is
D
All of the above
The functions of IMF are :
1: Acting as a short term credit institution
2: Promoting orderly adjustment of exchange rate
3: Lending instituions of foreign currency and current transaction.
Suggest Corrections
0
Similar questions
Q.
As per the current practice, the maximum part of the Global Foreign Exchange Reserves (more than 60%) and Foreign Exchange Transactions (more than 90%) take place in only one currency all over the world. Which is that currency?
Q.
27. Consider the following statement about Foreign Currency Assets (FCA) of India.
1.FCA is part of India’s foreign exchange reserve.
2.It valued in terms of US dollars.
3.It includes SDR holdings of Reserve Bank.
4. It is a multi-currency portfolio.
Which of the above statement(s) is/are correct?
Q.
If the convertibility of the currency is restricted to certain foreign currency transactions, it is termed as _______________.
Q.
The commission charged by the bank for any foreign exchange transaction from the buyers or the sellers of foreign currency is fixed by ____________.
Q.
Which of the following organisations maintains the foreign exchange reserve and has custody of all foreign currencies?
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Business Services - Banking
BUSINESS STUDIES
Watch in App
Explore more
Banking Service
Standard XI Business Studies
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Solve
Textbooks
Question Papers
Install app