Which of the following is/are NOT one of the objectives of International Monetary Fund (IMF)?
(A) To ensure exchange rate stability.
(B) To ensure Balanced International Trade
(C) To replace World Trade Organisation in years to come
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Only (A)
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Only (B)
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Only (C)
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(A) and (B) both
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(A) and (C) both
C
Correct answer
Explanation
The IMF's actual objectives include promoting international monetary cooperation, ensuring exchange rate stability (A is an objective), and facilitating balanced international trade (B is broadly aligned with IMF goals). However, replacing the WTO (C) is NOT an IMF objective - the WTO and IMF are separate organizations with different mandates. The IMF deals with monetary stability while WTO handles trade rules.