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UPSC Prelims 2016International Relations

Question 6 of 11

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 an observer in IMFC’s meetings. Which of the statements given above is/are correct?

Linked Syllabus Concepts

Revision notes for concepts tested in this PYQ.

International Monetary Fund (IMF)New International Economic Order (NIEO)Economic Sanctions and Frozen Assets Economic Sanctions as a Foreign Policy Tool International Trade Agreements and Negotiations Financial Action Task Force (FATF)