International Economic Institutions

When was World Bank established?

• Dec 1945

• Mar 1947

• Apr 1945

• Jan 1947

Which of the following statement is NOT correct regarding the membership of the IMF?

• All member countries of the IMF are not sovereign states

• Nauru is the latest member of the IMF

• All "member countries" of the IMF are members of the United Nations

• Currently its membership is 189

The value of Special Drawing Right (SDR) is determined by the basket of ......currencies.

• 7

• 6

• 4

• 5

Which of the following currency has largest weightage in the determination of the value of the SDR?

• Yen

• USD

• Euro

• British Pound

Which of the following is not the objective of the IMF?

• To ensure balanced international trade

• To ensure exchange rate stability

• To promote international monetary cooperation

• To provide loan to private sectors

Which of the following currency is not included in the calculation of SDR value?

• INR

• Yen

• USD

• Pound

Which of the following is known as the Paper Gold?

• Demand Draft

• USD

• SDR

• Pound

Why World Bank was established?

• None below

• To improve the adverse Balance of Payment situation of the nonmember countries

• To reconstruct the economies damaged during the Second World War

• To promote the International Trade

Which of the following statement is correct?

• Every member country of the IMF automatically becomes the member of the World Bank

• The World Bank has 45 founder members

• India is not the founding member of the World Bank

• IMF is the part of World Bank group

Currently how many members are in the IBRD?

• 198

• 190

• 193

• 189