Which of the following statements about International Monetary Fund (IMF) are correct ? 1. The IMF is a United Nations specialized agency. 2. The IMF was founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation. 3. The

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Q: 50 (CDS-II/2014)

Which of the following statements about International Monetary Fund (IMF) are correct ?
1. The IMF is a United Nations specialized agency.
2. The IMF was founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation.
3. The objective of the IMF is to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).
Select the correct answer using the code given below:

question_subject: 

General Knowledge

question_exam: 

CDS-II

stats: 

0,70,62,70,39,17,6

keywords: 

{'international monetary fund': [0, 0, 1, 2], 'imf': [0, 1, 2, 0], 'international monetary cooperation': [0, 0, 0, 1], 'international liquidity': [0, 0, 0, 1], 'hard currencies': [0, 0, 0, 1], 'currency exchange rates': [0, 0, 0, 1], 'united nations': [0, 0, 0, 4]}

The correct answer is option 1, which states that statements 1, 2, and 3 are correct.

Statement 1 is correct because the IMF is indeed a specialized agency of the United Nations.

Statement 2 is correct as well. The IMF was established at the Bretton Woods Conference in 1944. The conference aimed to create a framework for international economic cooperation after World War II, and the IMF was one of the institutions created to achieve that goal.

Statement 3 is accurate as well. The objective of the IMF is to stabilize currency exchange rates and promote international liquidity. It does this by providing loans to member countries to stabilize their economies and prevent balance of payment crises.

Therefore, option 1 is the correct answer as all three statements are true.

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