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2011 · Q75Indian EconomyInternational Institutions & Reportseasy

Regarding the International Monetary Fund, which one of the following statements is correct?

  1. (a)It can grant loans to any country
  2. (b)It can grant loans to only developed countries
  3. (c)It grants loans to only member countries
  4. (d)It can grant loans to the central bank of a country
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Official answer(c) It grants loans to only member countries

2024 · Q51Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : Statement-I : If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements ?

  1. (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. (b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. (c)Statement-I is correct, but Statement-II is incorrect
  4. (d)Statement-I is incorrect, but Statement-II is correct
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Official answer(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I