June 2015

1:

Assertion (A): The member nations, consistently finding balance of payments crisis, may approach the World Bank seeking financial accommodation to mitigate the crisis.

Reasoning (R): The member nations facing balance of payments crisis can approach the IMF seeking redressal of the BOP crisis.

Codes:

A.

(A) is correct and (R) is correct explanation of (A).

B.

(A) is correct but (R) is wrong.

C.

(R) is correct and (A) is wrong.

D.

Both (A) and (R) are wrong.

 

Answer : C

Explanation :

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Option: A

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