{"id":91348,"date":"2025-06-01T10:53:55","date_gmt":"2025-06-01T10:53:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91348"},"modified":"2025-06-01T10:53:55","modified_gmt":"2025-06-01T10:53:55","slug":"with-reference-to-the-international-monetary-and-financial-committee","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/","title":{"rendered":"With reference to the International Monetary and Financial Committee ("},"content":{"rendered":"<p>With reference to the International Monetary and Financial Committee (IMFC), consider the following statements :<\/p>\n<ul>\n<li>1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.<\/li>\n<li>2. The World Bank participates as observer in IMFC&#8217;s meetings.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2016<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2016.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2016\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct answer is C) Both 1 and 2. Both statements regarding the International Monetary and Financial Committee (IMFC) are correct.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Statement 1 is correct: The IMFC is a key advisory body to the IMF&#8217;s Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system.<br \/>\n&#8211; Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). The World Bank President typically attends the IMFC meetings as an observer, along with observers from other international bodies like the UN, BIS, OECD, etc.<br \/>\n<\/section>\n<section id=\"pyb-additional-information\">\nThe IMFC meets twice a year, during the Spring Meetings and the Annual Meetings of the IMF and the World Bank. It does not have formal decision-making powers but plays a vital role in guiding the IMF&#8217;s policy direction.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s meetings. Which of the statements given above is\/are &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to the International Monetary and Financial Committee (\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/#more-91348\">Detailed Solution<span class=\"screen-reader-text\">With reference to the International Monetary and Financial Committee (<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1098,1226],"class_list":["post-91348","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1098","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to the International Monetary and Financial Committee (<\/title>\n<meta name=\"description\" content=\"The correct answer is C) Both 1 and 2. Both statements regarding the International Monetary and Financial Committee (IMFC) are correct. - Statement 1 is correct: The IMFC is a key advisory body to the IMF&#039;s Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system. - Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). The World Bank President typically attends the IMFC meetings as an observer, along with observers from other international bodies like the UN, BIS, OECD, etc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to the International Monetary and Financial Committee (\" \/>\n<meta property=\"og:description\" content=\"The correct answer is C) Both 1 and 2. Both statements regarding the International Monetary and Financial Committee (IMFC) are correct. - Statement 1 is correct: The IMFC is a key advisory body to the IMF&#039;s Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system. - Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). 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Both statements regarding the International Monetary and Financial Committee (IMFC) are correct. - Statement 1 is correct: The IMFC is a key advisory body to the IMF's Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system. - Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). The World Bank President typically attends the IMFC meetings as an observer, along with observers from other international bodies like the UN, BIS, OECD, etc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/","og_locale":"en_US","og_type":"article","og_title":"With reference to the International Monetary and Financial Committee (","og_description":"The correct answer is C) Both 1 and 2. Both statements regarding the International Monetary and Financial Committee (IMFC) are correct. - Statement 1 is correct: The IMFC is a key advisory body to the IMF's Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system. - Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). The World Bank President typically attends the IMFC meetings as an observer, along with observers from other international bodies like the UN, BIS, OECD, etc.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:53:55+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-monetary-and-financial-committee\/","name":"With reference to the International Monetary and Financial Committee (","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:53:55+00:00","dateModified":"2025-06-01T10:53:55+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct answer is C) Both 1 and 2. Both statements regarding the International Monetary and Financial Committee (IMFC) are correct. - Statement 1 is correct: The IMFC is a key advisory body to the IMF's Board of Governors. It discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work, including on the evolution of the international monetary and financial system. - Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). 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