SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    IMF can grant loan to................?

    A)  Any sovereign country of the World

    B)  Any sovereign country of the World and Public Sector companies backed by Sovereign guarantee

    C)  Any Member country of IMF

    D)  Any Member country of IMF and Public Sector Companies backed by Sovereign guarantee of Member Country.

    Correct Answer: C

    Solution :

    [c] A core responsibility of the IMF is to provide loans to member countries experiencing actual or potential balance of payments problems. This financial assistance enables countries to rebuild their international reserves, stabilize their currencies, continue paying for imports, and restore conditions for strong economic growth, while undertaking policies to correct underlying problems. Unlike development banks, the IMF does not lend for specific projects.

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