1.

If the Balance of Payment of a country is adverse, then which institution will help that country?1. world Bank2. World Trade Organization3. International Monetary Fund4. Asian Development Bank

Answer» Correct Answer - Option 3 : International Monetary Fund

The correct answer is International Monetary Fund.

  • Balance of Payment
    • It is a statement of all transactions made between entities in one country and the rest of the world over a definite period of time.
    • The balance of payment divides transactions into two accounts: the current account and the capital account.
    • The current account includes transactions in goods, services, income, current transfers.
    • The capital account includes transactions in financial instruments and central bank reserves.
  • International Monetary Fund
    • Headquarters: Washington D.C., United States
    • Managing Director: Kjristanlina Georgieva
    • Chief Economist: Gita Gopinath
    • Formation: 27, December 1945

InstitutionsHeadquartersPresident
World BankWashington D.C., United StatesDavid Malpass
World Trade OrganisationGeneva, SwitzerlandNgozi Okonjo- Iweala
Asian Development BankMandaluyong, PhilippinesMasatsugu Asakawa


Discussion

No Comment Found

Related InterviewSolutions