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UPSC 2022: “Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?
(a)Asian Development Bank
(b)International Monetary Fund
(c)United Nations Environment Programme Finance Initiative
(d)World Bank
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Not attemptedCorrect Answer: (b) International Monetary Fund
Both the Rapid Financing Instrument (RFI) and the Rapid Credit Facility (RCF) are emergency balance-of-payments lending windows of the International Monetary Fund, the former for all members and the latter concessional for low-income countries. They are not products of ADB, UNEP-FI or the World Bank. ([imf.org](https://www.imf.org/en/about/factsheets/sheets/2023/rapid-financing-instrument-rfi?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2022 Indian Economy question?▼
The correct answer is option (b): International Monetary Fund. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Institutions & Reports question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2022, GS Paper 1, as Question 1. It falls under Indian Economy > International Institutions & Reports.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from International Institutions & Reports?▼
UPSC has asked 39 questions from International Institutions & Reports (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.