Question

Which of the following is/are not the objectives of the International Monetary Fund?

• A. To promote international monetary cooperation
• B. To facilitate the expansion of international trade
• C. To assist in the reconstruction and development of territories of members by faciltating the investment of capital for productive purpose
• D. To ensure stablility to foreign exchange rates
• E. To promote capital investment in backward and underdevelopment countries

Answer 1

The correct option is C To assist in the reconstruction and development of territories of members by faciltating the investment of capital for productive purpose

The World Bank aims to assist in the reconstruction and development of territories of members by facilitating the investment of capital for productive purpose including; the restoration of economies destroyed or disrupted by war; the reconversion of productive facilities to peaceful needs; and he encouragement of the development of productive facilities and resources in less developing countries.