Q. Consider the following:
Financial Transaction Plan
Technical Assistance Special Fund
Financial Stability Board
Which among the above is/ are parts of International Monetary Fund?
Answer: 1
Notes: Financial Transaction Plan - It was previously known as Operating Budget of IMF and refers to the mechanism through which the Fund finances its lending and repayment operations in the General Resources Account. Please note that India participates in Financial Transaction Plan since 2002.
Technical Assistance Special Fund- Its related to Asian Development Bank and fulfills the objective of providing technical assistance for the preparation and execution of development projects and programs and advisory services.
Financial Stability Board- FSB has been established to coordinate at the international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies. It brings together national authorities responsible for financial stability in significant international financial centers, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. IMF has its representatives in FSB.
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