IMF and World Bank

Q. What is the correct expansion of 'IMF'?

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

Q. Identify the countries which are among the 10 nations that hold 49% of the voting power in the IMF as of 2015.

1. India
2. China
3. Brazil
4. Russia
5. France
6. Germany
7. Australia
8. Saudi Arabia

Q. Statement 1: International organisations like the United Nations (UN), International Monetary Fund (IMF), and World Bank were formed to facilitate and preserve democracy around the world.

Statement 2: As of 2015, 10 countries together hold 49% of the voting power in the IMF.

1. Statement 1 is true, but Statement 2 is false.
2. Both the statements are true.
3. Statement 1 is false, but Statement 2 is true.
4. Both the statements are false.

Q. The World Bank is a financial institution that is primarily responsible for providing loans to countries of the European Union.

1. True
2. False

Q. The International Monetary Fund is an international organisation with a membership of _______member countries.

1. 196
2. 193
3. 154
4. 188

Q. Assertion: The IMF and World Bank shows a tilt towards richer and powerful nations.
Reason: The value of a vote is determined by the money contributed by the country to the fund.

1. Both assertion and reason are true and the reason is the correct explanation for the assertion.
2. Both assertion and reason are true but the reason is not the correct explanation for the assertion.
3. Assertion is true but Reason is false.
4. Assertion is false but Reason is true.

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. 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. 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. 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