UPSC Prelims 2016 · Question 100 of 98

UPSC Prelims 2016 question on Global Financial Stability Report

Global Financial Stability Report is prepared by the

  1. European Central Bank
  2. International Monetary Fund
  3. International Bank for Reconstruction and Development
  4. Organization for Economic Cooperation and Development
Show answer

Answer: B. International Monetary Fund

Verdict

The answer is the International Monetary Fund. The Global Financial Stability Report is an IMF publication.

Analysis

The report assesses the risks facing the global financial system and appears alongside the Fund's other flagship publications. The edition reported in this period warned that global output could decline substantially by 2021 if the risks facing the financial system were not addressed, and argued that a more balanced policy mix was needed to improve the growth and inflation outlook. The European Central Bank publishes its own euro area financial stability review, the International Bank for Reconstruction and Development is the World Bank's main lending arm, and the OECD publishes economic outlooks rather than this report.

Source

The Hindu report on the Fund's warning about global output.

How to crack it

Keep the Fund's three flagship reports as a set, since the World Economic Outlook covers growth, the Global Financial Stability Report covers financial risk and the Fiscal Monitor covers public finances, together mapping the three faces of macroeconomic surveillance. Then note the distractor construction, which offers the International Bank for Reconstruction and Development rather than the World Bank by name, testing whether you know they are the same institution.

More questions on International Relations and Current Affairs

All 77 questions on International Relations and Current Affairs →

← Full 2016 question paper · All International Relations questions