UPSC PYQPrelims 2022

Civil Services Examination · Question 1

"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?

  1. Asian Development Bank
  2. International Monetary Fund
  3. United Nations Environment Programme Finance Initiative
  4. World Bank
Show answer & explanation

Answer: (B) International Monetary Fund

Explanation

RFI and RCF are IMF emergency lending facilities for members facing urgent balance-of-payments needs.