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  9. Q56

UKPSC PCS 2021 · Question 56 of 148

Which one is correct about IMF?

Economy

  1. AIt grants loan to any country
  2. BIt grants loan to only developing countries
  3. CIt grants loan to only member countriesCorrect
  4. DIt grants loan to the Central Bank of a country

Answer: C. It grants loan to only member countries

Explanation

The IMF grants loans only to its member countries.

Source: UKPSC PCS Prelims 2021 GS (Paper-I), Series-A (TRB), held 03-Apr-2022

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