Q41. Who are the main stakeholders of the IMF?
a) Governments of member countries
b) Central banks of member countries
c) International financial institutions
d) All of the above
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Correct Answer: d) All of the above
Q42. What is the role of the IMF in promoting exchange rate stability?
a) To fix exchange rates among member countries
b) To provide a framework for exchange rate surveillance and coordination
c) To impose exchange rate controls on member countries
d) To promote currency devaluation
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Correct Answer: b) To provide a framework for exchange rate surveillance and coordination
Q43. What is the role of the IMF in providing financial assistance to member countries?
a) To provide long-term loans to member countries
b) To provide short-term loans to member countries facing balance of payments problems
c) To provide grants to member countries
d) To provide equity investments in member countries
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Correct Answer: b) To provide short-term loans to member countries facing balance of payments problems
Q44. What is the role of the IMF in promoting economic growth and development?
a) To provide long-term loans to member countries for investment projects
b) To provide technical assistance and policy advice to member countries
c) To promote free trade among member countries
d) To provide grants to member countries for social programs
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Correct Answer: b) To provide technical assistance and policy advice to member countries
Q45. What is the role of the IMF in preventing and resolving financial crises?
a) To provide early warning signals of financial crises
b) To provide policy advice and technical assistance to prevent financial crises
c) To provide financial assistance to member countries affected by financial crises
d) All of the above
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Correct Answer: d) All of the above
Q46. What is the role of the IMF in promoting international trade?
a) To promote free trade among member countries
b) To provide technical assistance and policy advice to member countries on trade issues
c) To monitor and enforce trade agreements among member countries
d) To provide financial assistance to member countries to promote exports
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Correct Answer: b) To provide technical assistance and policy advice to member countries on trade issues
Q47. What is the role of the IMF in promoting financial inclusion?
a) To promote financial literacy and education among member countries
b) To provide financial services to underserved populations in member countries
c) To promote financial innovation and technology in member countries
d) All of the above
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Correct Answer: d) All of the above
Q48. What is the role of the IMF in promoting sustainable development?
a) To provide long-term loans to member countries for investment projects
b) To provide technical assistance and policy advice to member countries on sustainable development issues
c) To promote green finance and environmental sustainability in member countries
d) All of the above
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Correct Answer: d) All of the above
Q49. What is the role of the IMF in promoting gender equality?
a) To promote gender equality in the labor market and in economic opportunities
b) To promote gender equality in education and health
c) To promote gender equality in political participation and decision-making
d) All of the above
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Correct Answer: d) All of the above
Q50. What is the full form of the World Bank?
a) International Bank for Reconstruction and Development
b) International Bank for Reconstruction and Development and Development
c) International Bank for Reconstruction and Development and Development and Development
d) International Bank for Reconstruction and Development and Development and Development and Development
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Correct Answer: a) International Bank for Reconstruction and Development
Q51. How many member countries are there in the World Bank?
a) 189
b) 193
c) 198
d) 206
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Correct Answer: a) 189
Explanation: As of 2024, there are 189 member countries in the World Bank. Each member country is represented on the Board of Governors, which is the highest decision-making body of the World Bank. The Board of Governors delegates its authority to the Board of Directors, which is responsible for the day-to-day operations of the World Bank.
Q52. What is the primary objective of the World Bank?
a) To promote international trade
b) To reconstruct the economies damaged during the Second World War
c) To improve the adverse Balance of Payment situation of the nonmember countries
d) To provide long-term capital to member countries for economic development
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Correct Answer: d) To provide long-term capital to member countries for economic development
Q53. Which of the following is not a part of the World Bank group?
a) International Bank for Reconstruction and Development (IBRD)
b) International Development Association (IDA)
c) International Finance Corporation (IFC)
d) International Monetary Fund (IMF)
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Correct Answer: d) International Monetary Fund (IMF)
Q54. Which of the following is a part of the World Bank group?
a) International Development Association (IDA)
b) International Finance Corporation (IFC)
c) Multilateral Investment Guarantee Agency (MIGA)
d) All of the above
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Correct Answer: d) All of the above
Explanation: The International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) are all part of the World Bank group. IDA provides interest-free loans and grants to the poorest member countries, IFC promotes private sector investment in developing countries, and MIGA provides guarantees against political risks to encourage foreign investment in developing countries.
Q55. What is the role of the World Bank in promoting economic development?
a) To provide short-term loans to member countries for balance of payments support
b) To provide long-term capital to member countries for economic development
c) To provide technical assistance and policy advice to member countries
d) All of the above
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Correct Answer: d) All of the above
Q56. Which of the following is a part of the World Bank group?
a) International Bank for Reconstruction and Development (IBRD)
b) International Development Association (IDA)
c) International Finance Corporation (IFC)
d) All of the above
Show Answer
Correct Answer: d) All of the above
Explanation: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC) are all part of the World Bank group. IBRD provides loans and financial assistance to middle-income countries, IDA provides interest-free loans and grants to the poorest member countries, and IFC promotes private sector investment in developing countries.
Q57. Which of the following is not a function of the World Bank?
a) To provide loans and financial assistance to member countries for economic development
b) To promote international trade
c) To provide technical assistance and policy advice to member countries
d) To provide short-term loans to member countries for balance of payments support
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Correct Answer: b) To promote international trade
Q58. Which of the following is a part of the World Bank group?
a) International Bank for Reconstruction and Development (IBRD)
b) International Development Association (IDA)
c) International Finance Corporation (IFC)
d) All of the above
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Correct Answer: d) All of the above
Q59. Which of the following is not a function of the World Bank?
a) To provide loans and financial assistance to member countries for economic development
b) To promote international trade
c) To provide technical assistance and policy advice to member countries
d) To provide short-term loans to member countries for balance of payments support
Show Answer
Correct Answer: b) To promote international trade
Q60. What is the Food and Agriculture Organization (FAO) of the United Nations?
a) A specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security
b) A regional organization that promotes agricultural trade and cooperation among countries in Europe and Central Asia
c) A global alliance that aims to end hunger and malnutrition by 2030
d) A nongovernmental organization that advocates for sustainable agriculture and rural development
Show Answer
Correct Answer: a) A specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security
Explanation: The Food and Agriculture Organization (FAO) of the United Nations is a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security. It was established in 1945 and has 194 member countries. The FAO’s mission is to achieve food security for all by promoting sustainable agricultural development, ensuring the efficient use of natural resources, and improving the lives of rural populations.