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Which of the following statement is not correct in relation to International Monetary Fund? 1. India is a founder member of the IMF. 2. IMF conducts regular review of India's economic status under Article IV. 3. India?s quota in the IMF is more than 2 per cent 4. Finance Minister is ex-officio Governor of the IMF.

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  1.  1 and 4

  2.  3 only

  3.  1 only

  4.  2 and 4

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