Quiz on International Monetary Fund
Table of Contents
The International Monetary Fund was established in 1944 when a large number of countries felt for the need of such an organization for the financial help after the great depression of the 1930s. Then the 44 founding member countries had prepared a framework of an organization for international economic cooperation. Today, its membership embraces 190 countries, with staff drawn from 150 nations. This set of 25 questions is based on the International Monetary Fund and other related general knowledge. This set has some tough and easy questions. We are optimistic that this set will be very helpful in the success of all the aspirants preparing for competitive examinations so stay with the blog for useful information.
The International Monetary Fund (IMF) was created in 1944. The International Monetary Fund (IMF) is an organization of 190 countries. This set of 25 questions is based on the International Monetary Fund. We are optimistic that this set will be very helpful in the success of all the aspirants preparing for competitive examinations. Lets know some thing the important point we have to know.
What Is the International Monetary Fund (IMF)?
The International Monetary Fund (IMF) is an international organization which helps to promote the growth of the global economic and work towards the development of the global financial stability. The International Monetary Fund also work for the encouragement of the international trade and also work towards to the reduces of global poverty.
Key Feature for Decision Making
The key features of the voting power in the decisions of IMF are based on the quotas of the member countries. Quota votes comprise one vote per 100,000 special drawing rights (SDR) of quota plus basic votes. SDRs (special drawing rights) are an international type of monetary reserve currency created by the IMF as a supplement to the existing money reserves of member countries.
Key point to remember –
01) The mission of the International Monetary Fund is to promote the Global Economic Growth and Financial Stability.
02) To work towards to encourage the international trade and taking steps to help to reduce poverty around the world.
03) The IMF was originally created in 1945 as part of the Bretton Woods agreement.
04) The agreement is attempted to encourage international financial cooperation by introducing a system of convertible currencies at fixed exchange rates.
05) The IMF collects massive amounts of data on international economies, international trade, and the global prosperity in aggregate and provides economic forecasts.
06) It is one of the most important functions of International Monetary Fund is to make loans to countries which are on going with the economic distress or to prevent the global financial crises.
The main activities of the International Monetary Fund
Supervision –
The IMF’s primary task is to create primary methods for achieving its goals and monitoring capacity building for lending.
Publishing Annual Financial Report –
The International Monetary Fund publishes its reports on an annual or biennial basis, depending on its monetary monitoring. Which mainly includes “World Economic Outlook”, “Global Financial Stability Report” and “Fiscal Monitor”.
let us start the question answer based on the subject. It is our advice to read first the article Key points of Economic Survey 2023 – Chapter wise study | Indian Economy and India’s Digital Public Infrastructure | Development | Possibilities | Obstacles – Economic Survey – 2023 having the knowledge of the subject than go for the question answers. A good knowledge is capable of giving the best results.
#1. What is the name of an International Fund which is the major financial agency of the United Nations ?
#2. What is the full form of IMF ?
#3. Where is the headquarters of IMF situated?
#4. The headquarter of whom of the following is situated in “The Hague”?
#5. The headquarter of whom of the following is situated in Geneva ?
#6. The headquarter of whom of the following is situated in New York ?
#7. When was the IMF founded ? –
#8. When was the UNO founded ? –
#9. When was the WTO founded ? –
#10. The headquarter of WTO is located at which of the following city ? –
#11. When was GATT founded ? –
#12. What is the full form of GATT ? –
#13. How many countries first signed the agreement under GATT ? –
#14. What is correct number for the membership countries for WTO ? –
#15. When was the World Bank established ? –
#16. The International Bank for Reconstruction and Development was the official name of which of the following organization?
#17. How many member countries are there with IMF ? –
#18. Which of the following is one of the main organ of International Monetary Fund ? –
#19. Who is the First Deputy Managing Director of IMF ? –
#20. Gita Gopinath (an Indian-American economist) is appointed as the first deputy managing director of IMF from _____? Fill the suitable option –
#21. Who was the founders of IMF ? –
#22. Which of the following is known as the Parent organization of IMF ? –
#23. What was the main purpose behind to laid the foundation stone of IMF ? –
#24. What is the name of the survey report which is published by IMF for twice in a year ? –
#25. Presently who is the Managing Director of IMF ?
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