Consider the following statements: 1. India is a founder member of the IMF. 2. India has not taken any financial assistance from the IMF since 1993. Which of the statements given above is/are correct? |ForumIAS

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[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: India is a founder member of the IMF. India has not taken any financial assistance from the IMF since 1993.

Repayments of all the loans taken from International Monetary Fund have been completed on May 2000.

Source: FORUMIAS