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WorksheetsInternational Economic Institutions
Total questions: 20
Worksheet time: 10mins
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
Who is the current President of the World Bank Group?
Robert Zoellick
Christine Lagarde
David Malpass
Jim Yong Kim
Which of the following institutions is not part of the World Bank community?
MIGA
IBRD
WTO
IFC
Which of the following factor determines the voting share of AIIB?
Purchasing power parity
Size of country's economy
Each country will have one vote without veto power
Both A & B
Where is the headquarters of BRICS New Development Bank situated?
Beijing, China
Moscow, Russia
Cape Town, South Africa
Shanghai, China
Where is the headquarter of the WTO?
New York
Geneva
Barcelona
Paris
Which of the following statement is not true about the WTO?
WTO is a permanent organisation
Uruguay round gave the birth to the WTO
WTO was officially constituted on 1 January 1991.
Ministerial Conference is the highest policy making body of the WTO
Which of the following country is not the member of the WTO?
Iran
Azerbaijan
Belarus
None of these
Which of the following statements is not correct?
Both the IMF & IBRD have headquarters in Washington
India's vote share in the International Monetary Fund is 10%
IBRD is known as World Bank also
Both IMF & World Bank are the known as the Bretton Woods twins.
Which of the following is not the objective of the WTO?
To improve the standard of living of peoples of the member countries
To enlarge production and trade of goods
To protect environment
To improve the Balance of Payment situation of the member countries
Which of the following body is not related to the WTO?
Dispute Settlement Body
Council of trade in goods
Exchange Rate Management Body
Trade Policy Review Body
