Why was International Monetary Fund established?

To maintain peace and security to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.

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to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.

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To implement trade agreements

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To take decision regarding misery and poverty of western countries

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Solution

The correct option is B to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.

International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).

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Similar questions

Q. Which of the following statements about International Monetary Fund (IMF) are correct?
1. The IMF is a United Nations specialised agency.
2. The IMF was founded at the Bretton Woods conference in 1944 to secure international monetary cooperation.
3. Chinese Yuan is included in SDR Basket.
Select the correct answer using the codes given below.

Q. Which of the following statements about International Monetary Fund (IMF) are correct?

1

. The IMF is a United Nations specialised agency.

2

. The IMF was founded at the Bretton Woods Conference in

1994

to secure international monetary cooperation.

3

. Chinese Yuan is included in SDR Basket.
Select the correct answer using the codes given.

Q. Which of the following organisations is responsible for securing global monetary cooperation and securing financial stability?

Q. Assertion [A]: The International Monetary Fund (IMF) provides precautionary financing in case of financial emergencies to member countries.

Reason [R]: It has been mandated to ensure the stability of the international monetary system.

Read the above given statements carefully and select the option that is true.

Q. Consider the following statements-
(a) The UN Security Council is responsible for maintaining peace and security among countries.
(b) The World Bank gives loans to the individuals for the monetary help.
(c) The UN secretary General is the chief administrative officer of UN.
(d) The UN is only responsible for maintaining international law.
Which of the above statements are correct?

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