Q. With reference to International Monetary Fund (IMF) consider the following statements:
1.It is a specialized agency of UN.
2.It provides financial support and resources to the member countries to meet short term and medium-term Balance of Payments (BOP) problems.
Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Statement 1: International Monetary Fund (IMF) is a specialized agency of UN.

Statement 2: It provides financial support and resources to the member countries to meet short term and medium-term Balance of Payments (BOP) problems.

Source: Times of India