| Consider the following regarding the International Monetary Fund: |
| 1. IMF is controlled and managed by a Board of Governors. |
| 2. Each governor has the right of 250 votes on the basis of membership and one additional vote for each SDR 1 lakh quota. Which of these statements is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
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