Which of the following is NOT a function of the IMF? MCQ with Answer and Explanation

Question
Which of the following is NOT a function of the IMF?
A. Providing long-term development finance
B. Lending to countries with balance of payments problems
C. Surveillance of global economy
D. Promoting exchange rate stability
Answer: Option A
Solution (By JKSSB Mock Tests)
Long-term development finance is primarily the role of the World Bank, not the IMF.
This question belongs to: Static General Knowledge International Organizations
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Practice More International Organizations Questions

Question #1
What is the primary objective of the World Trade Organization's 'Most-Favoured-Nation' (MFN) principle?
A. To eliminate all import tariffs globally
B. To restrict trade with non-member countries
C. To ensure non-discriminatory trade between member countries
D. To provide special treatment to developing nations
Discuss
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Correct Answer: Option C

Explanation:
The MFN principle ensures that a country provides the same trade concessions to all WTO members as it does to its most-favoured trading partner.
This question belongs to: Static General Knowledge International Organizations
Question #2
What is the primary function of the International Court of Justice (ICJ)?
A. To settle legal disputes between states
B. To regulate trade
C. To prosecute individuals for war crimes
D. To provide economic aid
Discuss
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Correct Answer: Option A

Explanation:
The ICJ, located in The Hague, settles legal disputes between sovereign states.
This question belongs to: Static General Knowledge International Organizations
Question #3
Which organization has a mission to eradicate extreme poverty and promote shared prosperity?
A. IMF
B. UNICEF
C. World Bank
D. WTO
Discuss
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Correct Answer: Option C

Explanation:
The World Bank Group's stated goals are to end extreme poverty and boost shared prosperity.
This question belongs to: Static General Knowledge International Organizations
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