UPSC CSE Prelims
Question 15
Regarding the International Monetary Fund, which one of the following statements is correct ?
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: The IMF extends financing under its rules to member countries facing balance-of-payments problems; it is not a universal lender to any sovereign state.
Option-wise Analysis:
A: Incorrect - Non-members cannot simply obtain IMF member lending facilities.
B: Incorrect - Developing as well as advanced member economies may qualify for IMF support.
C: Correct - IMF assistance is available to its member states under applicable facilities.
D: Incorrect - IMF claims are on members/eligible entities under its legal framework, not unrestricted loans to any central bank.