Functions of IMF - General Economics & Indian Economy
Q. Which of the following are functions of IMF?
1. solve balance of payment problems
2. aid long-term economic development
3. reduce poverty in developing countries.
4. surveillance of the global economy
5. lending and loans under their policy of conditionality- Published on 07 Jul 15a. 1,2,3,5
b. 2,3,4,5
c. 1,2,4,5
d. 1,4,5
ANSWER: 1,4,5
The primary difference between the International Monetary Fund, or IMF, and the World Bank lies in their respective purposes and functions. The IMF exists primarily to stabilize exchange rates, while the World Bank's goal is to reduce poverty.
