Q. Consider the following statements with respect to International Monetary Fund (IMF):
- All members of IMF have equal say in its decision-making process.
- IMF is mandated to oversee even those financial institutions and regulations that act at sub-national levels in different countries.
Which of the above is / are correct?
Answer:
None of the above
Notes: Neither of the statement is correct. The International Monetary Fund(IMF) is an international organisation that oversees those financial institutions and regulations that act at the international level. The IMF has 189 member countries (as on 12 April 2016) but they do not enjoy an equal say. Thus, d is the correct answer.