Multiple choice

Which statement of the following is true for IMF ?

  1. It is not an agency of UNO

  2. It can grant loan to any country of the world

  3. It can grant loan to state Govt. of a country

  4. It grants loan only to member nations

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The International Monetary Fund (IMF) is a specialized agency of the United Nations, but it operates independently. Its primary function is to provide financial assistance, such as loans, exclusively to its member nations to stabilize their economies.