IMF and World Bank

Q. Assertion [A]: The International Monetary Fund (IMF) provides precautionary financing in case of financial emergencies to member countries.

Reason [R]: It has been mandated to ensure the stability of the international monetary system.

Read the above given statements carefully and select the option that is true.

1. A is true but R is false.
2. Both A and R are true. R is the incorrect explanation of A.
3. Both A and R are true. R is the correct explanation of A.
4. Both A and R are false.

Q. What is the full form of IMF?

1. International Monetary Fund
2. International Money Fund
3. Internal Monetary Foundation
4. International Monetary Foundation

Q. Pick the correctly matched pairs from the following.

1. World Bank - Funds for growth and development of nations.
2. IMF - International Progressive Alliance and International Financial Authority
3. IMF - International Monetary Cooperation
4. WTO - Global Trade

Q. Which among the following institutions is officially known as the International Bank for Reconstruction and Development?

1. IMF
2. WTO
3. UNCTAD
4. World Bank

Q. Select the organisation/s that support the world's economic and financial order.

1. The International Monetary Fund
2. The United Nations Children's Fund
3. World Bank
4. Swiss Bank

Q. Which among the following institutions is mandated to ensure the stability of the international monetary system?

1. World Bank
2. WTO
3. UNCTAD
4. IMF

Q. Which of the following organisations is responsible for securing global monetary cooperation and securing financial stability?

1. ILO
2. World Bank
3. IMF
4. WTO

Q. World Bank works with the primary focus of helping the _____________.

1. poorest people
2. poorest countries
3. poorest people and the poorest countries
4. poorest industrially developed country

Q. World bank and IMF were established in the year _________.

1. 1941
2. 1944
3. 1947
4. 1950

Q. The headquarters of the UNO is located at:

1. London
2. Paris
3. New York
4. Moscow

Q. IMF has a ______ membership of countries.

1. 199
2. 189
3. 220
4. 76

Q. In which of the following countries was a National Exchange Control Administration (CADIVI) set up to approve all legal purchases of foreign currency ?

1. Spain
2. Mexico
3. Brazil
4. Venezuela

Q. ____________ is the formal name of the World Bank.

1. International Bank for Reconstruction
2. International Bank for Reconstruction and Development
3. International Bank for Development.
4. International Bank for Restructure and Development.

Q. Which among the following institutions was established in the aftermath of WWII to help the war-torn countries with their development and reconstruction?

1. World Bank
2. IMF
3. ILO
4. UNCTAD

Q. World Bank and IMF were establishment in the year __________.

1. $1945$
2. $1941$
3. $1947$
4. $1950$

Q. Which of these is not the function of World Bank?

1. To arbitrate on international trade disputes.
2. To encourage private foreign investment and credit by guaranteeing repayment.
3. To promote long term balanced growth of international trade.
4. To help the member countries in the reconstruction and development of their countries.