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Q.

Which of the following statements is true about International Monetary Fund (IMF)

[A] It is an agency of the World Bank and is situated in Prague
[B] It is an organization floated by the members of NATO and caters to the need of those countries only
[C] On becoming its member, countries get finance as temporary balance of payment needs
[D] All of the above
[E] None of the above

Answer & Explanation

Answer: Option [C]

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