Q462
Consider the following statements. Statement (I): Developing countries can borrow more than their quota under Extended Fund Facility (EFF) of IMF. Statement (II): The Extended Fund Facility (EFF)was created in 1984 to help the developing countries over longer period up to 3 years.
A.
Statement (I) is correct, but (II) is not correct
AnswerB.
Statement (II) is correct, but (I) is not correct
C.
Both the statements (I) and (II) are correct
D.
Both the statements (I) and (II) are not correct
Answer: Option A
Solution
Answer: Option A
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