I. The International Monetary Fund have decided that it will dole out subsidies to the developing countries in the present financial year. II. The President of IMF announced it during the press interaction with the central bank governors last month. III. The reason is to create the framework for the Trade Facilitation Agreement of the World Trade Organization to come into existence IV. The main contention regarding that agreement was that the developing countries and the developed countries were not on the same page regarding the subsidies

• A. I and IV are incorrect
• B. II and III are incorrect
• C. Only I is incorrect
• D. Both II and IV are incorrect
• E. All I, II, III and IV are incorrect