Q. With reference to India’s engagement with the International Monetary Fund (IMF), consider the following statements:
1.India’s quota in the IMF stands at approximately 2.76% of total quotas as of 2025.
2.India holds the 8th largest quota among IMF members, reflecting its growing economic weight.
3.The IMF’s 16th General Review of Quotas in 2023 resulted in a 50% increase, but India’s voting share remained unchanged.
4.India has accessed IMF facilities seven times since joining in 1945, primarily for balance of payments support.
Which of the statements given above is/are correct?
Answer: B
Notes:
Explanation:
Statement 1: Correct. This quota translates to SDR 13,114.4 million, positioning India as a significant contributor.
Statement 2: Correct. The ranking underscores India’s influence in decision-making.
Statement 3: Incorrect. The increase adjusted shares, slightly boosting emerging economies like India.
Statement 4: Correct. These arrangements aided India’s economic stabilizations, including in the 1990s crisis.
