UPSC CSE Prelims
Question 1
With reference to the International Monetary and Financial Committee (IMFC), consider the following statements :
- IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
- The World Bank participates as observer in IMFC's meetings.
Which of the statements given above is/are correct?
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: The IMFC is an advisory ministerial committee of the IMF Board of Governors. It reviews international monetary and financial conditions, with the World Bank represented as an observer.
Statement/Pair-wise Analysis:
Statement/Item 1: Correct - The IMFC advises the IMF on major global economic and monetary-policy priorities.
Statement/Item 2: Correct - The World Bank President participates in IMFC meetings as an observer.
Option-wise Analysis:
A: Incorrect - omits correct statement/item 2.
B: Incorrect - omits correct statement/item 1.
C: Correct - includes all and only the true statements/items.
D: Incorrect - omits correct statement/items 1, 2.