quiz 2

IMF Executive Board consists of 

• 24 Directors

• 25 Directors

• 26 Directors

• 27 Directors

Where did the conference that established the International Monetary Fund (IMF) and the World Bank take place? 

• Yalta

• Bretton Woods

• Washington, DC

• Potsdam

 What of the following is not among the primary activities of the IMF?

• Offering loans to countries in economic distress

• Offering assistance and training on economic policy to government officials

• Monitoring countries’ economic policies

• Funding countries’ investments in infrastructure, education, health, and related priorities

Choose line, which demonstrates all roles of IMF Quotas

• Resource Contributions; Voting Power; Access to Financing; SDR Allocations

• Access to Financing; SDR Allocations

• Resource Contributions; Voting Power;

• Resource Contributions; Voting Power; Capacity Development

IMF a member's own quota cannot be changed without its consent, any changes in quotas must be approved by an

• 92 percent majority of the total voting power

• 85 percent majority of the total voting power

• 86 percent majority of the total voting power

• 80 percent majority of the total voting power

Which of the following was created in 2001 to conduct independent and objective evaluation of IMF policies and activities. 

• International Monetary and Financial Committee

• International Monetary and Financial Committee

• Independent Evaluation Office (IEO) 

• The IMF Board of Governors

Under the function of capacity development IMF

• provides countries with technical assistance and training in its areas of expertise

• involves the monitoring of economic and financial developments, and the provision of policy advice, aimed especially at crisis-prevention. 

• provide temporary financing and to support policies aimed at correcting the underlying problems

• provide loans to low-income countries are also aimed especially at poverty reduction. 

How many purpose the founders of IMF had in mind and where those purpose were stated?

• Four and they stated in Article I of the original Articles of Agreement

• Ten, and they stated in Article I of the original Articles of Agreement

• Three, and they stated in Article I of the original Articles of Agreement

• Six, and they stated in Article I of the original Articles of Agreement

IMF Quotas denominated in 

• Silver

• Gold

• USD

• Special Drawing Rights (SDRs)

This WB organization has allowed to provide more than $500 billion in loans to alleviate poverty around the world since 1946. Which organization is mentioned here

• International Bank for Reconstruction and Development 

• The International Development Association 

• The International Finance Corporation 

• The World Bank Treasury