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

(a)

It can grant loans to any country.

(b)

It can grant loans to only developed countries.

(c)

It grants loans to only member countries.

(d)

It can grant loans to the central bank of a country.

Correct Answer

(c)

Explanation

IMF provides loans and financial assistance only to its member countries, which are subject to economic criteria and conditions.

Microtheme: "World Bank,IMF,ADB,International Finance" —
14 questions asked in Prelims in the past.

  1. [2025] Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
    I. It provides loans and guarantees to middle income countries.
    II. It works single-handedly to help developing countries to reduce poverty.
    III. It was established to help Europe rebuild after World War II.
    Which of the statements given above are correct?

    • (a) I and II only
    • (b) II and III only
    • (c) I and III only
    • (d) I, II and III
    Correct Answer: (C) I and III only
  2. [2022] “Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

    • (a) Asian Development Bank
    • (b) International Monetary Fund
    • (c) United Nations Environment Programme Finance Initiative
    • (d) World Bank
    Correct Answer: (B) International Monetary Fund
  3. [2020] In which one of the following groups are all the four countries members of G20?

    • (a) Argentina, Mexico, South Africa and Turkey
    • (b) Australia, Canada, Malaysia and New Zealand
    • (c) Brazil, Iran, Saudi Arabia and Vietnam
    • (d) Indonesia, Japan, Singapore and South Korea
    Correct Answer: (A) Argentina, Mexico, South Africa and Turkey
  4. [2019] With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
    1. AIIB has more than 80 member nations.
    2. India is the largest shareholder in AIIB.
    3. AIIB does not have any members from outside Asia.
    Which of the statements given above is/are correct?

    • (a) 1 only
    • (b) 2 and 3 only
    • (c) 1 and 3 only
    • (d) 1, 2 and 3
    Correct Answer: (A) 1 only
  5. [2017] The Global Infrastructure Facility is a/an

    • (a) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
    • (b) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
    • (c) Collaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.
    • (d) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
    Correct Answer: (B) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
  6. [2016] The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of

    • (a) mining operation by multinational companies in resource-rich but backward areas
    • (b) curbing of the tax evasion by multinational companies
    • (c) exploitation of genetic resources of a country by multinational companies
    • (d) lack of consideration of environmental costs in the planning and implementation of developmental projects.
    Correct Answer: (B) curbing of the tax evasion by multinational companies
  7. [2016] With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:
    1. IMFC discusses matters of concern affecting the global economy, and advises the
    International Monetary Fund (IMF) on the direction of its work.
    2. The World Bank participates as observer in IMFC’s meetings.
    Which of the statements given above is/are correct?

    • (a) 1 only
    • (b) 2 only
    • (c) Both 1 and 2
    • (d) Neither 1 nor 2
    Correct Answer: (C) Both 1 and 2
  8. [2016] Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?

    • (a) Rouble
    • (b) Rand
    • (c) Indian Rupee
    • (d) Renminbi
    Correct Answer: (D) Renminbi
  9. [2011] Regarding the International Monetary Fund, which one of the following statements is correct?

    • (a) It can grant loans to any country.
    • (b) It can grant loans to only developed countries.
    • (c) It grants loans to only member countries.
    • (d) It can grant loans to the central bank of a country.
    Correct Answer: (C) It grants loans to only member countries.
  10. [2010] The International Development Association, a lending agency, is administered by the

    • (a) International Bank for Reconstruction and Development
    • (b) International Fund for Agricultural Development
    • (c) United Nations Development Programme.
    • (d) United Nations Industrial Development Organization
    Correct Answer: (A) International Bank for Reconstruction and Development
  11. [2009] Consider the following pairs:
    1. Asian Development Bank: Tokyo
    2. Asia-Pacific Economic Cooperation :Singapore
    3. Association of South East Asian Nations :Bangkok
    Which of the above pairs is/are correct matchd?

    • (a) 1 and 2 only
    • (b) 2 only
    • (c) 2 and 3 only
    • (d) 3 only
    Correct Answer: (B) 2 only
  12. [2009] NAMA-11 (Nama-11) group of countries frequently appears in the news in the context of the affairs of which one of the following ?

    • (a) Nuclear Suppliers Group
    • (b) World Bank
    • (c) World Economic Forum
    • (d) W.T.O.
    Correct Answer: (D) W.T.O.
  13. [2008] Match List-I with List-II and select the correct answer using the codes given below the lists:
    List-I (Organization) – List-II (Associated Convention/Person/Place/Headquarters).
    List-I (Organization) List-II (Associated Convention/Person/Place/Headquarters)
    A. Amnesty International 1.Visculi
    B. Common wealth of Independent States (CIS) 2.Paris
    C. Danube Commission 3.Peter Beneson
    D. Europian Space Agency 4.Belgrade Convention
    A B C D A B C D
    (a) 3 1 4 2 (a) 4 2 3 1
    (b) 3 2 4 1 (b) 4 1 3 2

    • (a) 3-1-4-2
    • (b) 4-2-3-1
    • (c) 3-4-2-1
    • (d) 4-1-3-2
    Correct Answer: (A) 3-1-4-2
  14. [2008] India is a member of which of the following?
    1. Asian Development Bank
    2. Asia-Pacific Economic Cooperation
    3. Colombo Plan
    4. Organization for Economic Cooperation and Development (OECD).

    • (a) 1 and 3 only
    • (b) 2 and 4 only
    • (c) 1, 2 and 3 only
    • (d) 1, 2, 3 and 4
    Correct Answer: (A) 1 and 3 only