Question

Given below are two statements :
Statement I : The International Monetary Fund (IMF) is an international organization that oversees those financial institutions and regulations that act at the international level.
Statement II : All the 189 members of IMF organization have equal say.
In the light of above statements, choose the correct answer from the options given below :

• A. Both statement I and statement II are true.
• B. Both statement I and statement II are false.
• C. Statement I is true, but statement II is false.
• D. Statement I is false, but statement II is true.

Hint:

Remember: International organizations like the UN General Assembly operate on "one nation, one vote", whereas international financial institutions like the IMF and World Bank use a weighted voting system determined by economic contribution and quotas.

Answer 1

The Correct Option is C