With reference to the International Monetary and Financial Committee (IMFC), consider the following statements: [IAS Prelims 2016] 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. 2. The World Bank participates as observer in (MFC) meetings. Which of the statements given above is/are correct?

With reference to the International Monetary and Financial

1.	With reference to the International Monetary and Financial Committee (IMFC), consider the following statements: [IAS Prelims 2016] 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. 2. The World Bank participates as observer in (MFC) meetings. Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2