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  9. Q6

JKPSC KAS 2025 · Question 6 of 100

Consider the following statements: I. The Exchange Rate Mechanism (ERM) of the International Monetary Fund (IMF) facilitates currency convertibility among member countries. II. Under a flexible exchange rate system, the need for balance of payments adjustments through foreign exchange reserves is reduced. Which of the statements given above is/are correct?

Current Affairs

  1. AI only
  2. BII onlyCorrect
  3. CBoth I and II
  4. DNeither I nor II

Answer: B. II only

Explanation

This question asks us to evaluate two statements regarding international finance concepts: the Exchange Rate Mechanism (ERM) and flexible exchange rate systems, specifically concerning currency convertibility and balance of payments adjustments. Statement I claims: "The Exchange Rate Mechanism (ERM) of the International Monetary Fund (IMF) facilitates currency convertibility among member countr...

Source: JKPSC KAS Prelims 2025 GS via prepp.in

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