Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Both 1 and 2
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: The IMFC advises and reports to the IMF Board of Governors on the supervision and management of the international monetary and financial system.
- Statement 2 is correct: Several international institutions, including the World Bank, participate as observers in the IMFC meetings to ensure policy coordination between global institutions.
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