Static GK - Organizations & Headquarters
Which of the following statements about the International Monetary Fund (IMF) is INCORRECT?
Which of the following statements about the International Monetary Fund (IMF) is INCORRECT?
hard Q9 of 15
Step-by-Step Solution
Step 1: Understand IMF functions
The question asks to identify the incorrect statement about IMF.Step 2: Analyze each statement
Statements about short-term assistance, Bretton Woods origin, and monetary cooperation are correct. IMF does not primarily fund long-term development projects; that is the World Bank's role.Step 3: Confirm incorrect statement
The incorrect statement is that IMF primarily funds long-term development projects.Final Answer:
IMF primarily funds long-term development projects in member countries. → Option DQuick Check:
IMF role = short-term assistance, not long-term projects ✅
Quick Trick: IMF = short-term finance; World Bank = long-term projects.
Common Mistakes:
MISTAKES- Confusing IMF with World Bank's development funding role.
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