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Question

Consider the following pairs:
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?

The correct answer is
Only one

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:

  1. 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.
  2. 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.
  3. 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:

Only one
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Important Questions from Economy

  1. ______ is the mark of quality for all industrial products in India.

  2. The other name of the tertiary sector is ________.

  3. Which of the following features of the Organised sector is NOT correct?

  4. The Blue Revolution in India is related to ________

  5. Which of the following Steel plants of India does NOT come under the Public Sector?

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