1. Extended Fund Facility (EFF) : For structural balance of payments problems.
2. Rapid Credit Facility (RCF) : Quick and concessional lending for high-income countries.
3. Resilience and Sustainability Facility (RSF) : Short-term liquidity line.
How many of the above pairs are correctly matched?
To determine how many of the given pairs are correctly matched, we need to evaluate each pair based on their actual purpose within international financial mechanisms:
-
Extended Fund Facility (EFF) : For structural balance of payments problems.
- The EFF is designed to provide assistance to countries experiencing serious balance of payments problems because of structural issues. It allows them to implement comprehensive programs that include policies necessary for correcting these structural imbalances.
- Verdict: Correctly matched.
-
Rapid Credit Facility (RCF) : Quick and concessional lending for high-income countries.
- The RCF provides rapid financial assistance to low-income countries with critical and urgent balance of payments needs, without the need for a full-fledged program or review by the IMF board.
- It is targeted at low-income countries, not high-income countries.
- Verdict: Incorrectly matched.
-
Resilience and Sustainability Facility (RSF) : Short-term liquidity line.
- The RSF is aimed at providing longer-term financing to support countries in building resilience to climate change, pandemics, and related challenges.
- It does not serve as a short-term liquidity line.
- Verdict: Incorrectly matched.
Based on the analysis above, only Pair 1 is correctly matched. Therefore, the correct answer is:
Important Questions from Economy
The Five Year Plan was first launched in
Which of the following was/were the feature(s) of Lenin’s New Economic Policy (NEP) for the Soviet Union?
1) Private retail trading was strictly forbidden
2) Private enterprise was strictly forbidden
3) Peasants were not allowed to sell their surplus
4) To secure liquid capital, concessions were allowed to foreign capitalists, but the State retained the option of purchasing the product of such concerns
Select the correct answer using the code given below:
Which one of the following was set as a target of average growth of GDP of India over the plan period 2012-2017 by the Approach Paper to the Twelfth Five year Plan?
In ________ economies, all productive resources are owned and controlled by the government.
Private ownership of the means of production is a feature of a _______ economy.
