Q. Which of the following is/are function/s of International Monetary Fund?
1.Exchange rate regulation.
2.Purchasing short-term foreign currency liabilities of the member nations.
3.Allotting special drawing rights (SDRs) to the member nations.
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

Explanation: The International Monetary Fund (IMF) came up in 1944 whose articles came into force on the 27 December, 1945 with the main functions as exchange rate regulation, purchasing short-term foreign currency liabilities of the member nations from around the world, allotting special drawing rights (SDRs) to the member nations and the most important one as the bailor to the member economies in the situation of any BoP crisis.

Source: TMH Ramesh Singh